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The following additional information relates to GGG Company: December 31, 2021 December 31, 2020 Dividends payable P 34,000 P 22,000 Equipment 925,000 780,000 Accumulated depreciation

The following additional information relates to GGG Company:

December 31, 2021 December 31, 2020
Dividends payable P 34,000 P 22,000
Equipment 925,000 780,000
Accumulated depreciation - equipment 283,000 300,000
Unappropriated accumulated profits 710,000 500,000
Appropriated accumulated profits 20,000 0
Cash 6,700 3,500

The following additional information relates to 2021:

- Profit for the year, P 1,000,000.

- Depreciation expense for the year, P 74,000.

- During the year, equipment was overhauled at a cost of P 25,000. The amount was debited to accumulated depreciation.

- During the year, equipment with a carrying value of P 100,000 was sold. Loss of P11,000 was realized on the sale.

1. How much was the equipment purchased during 2021?

2. How much were the dividends paid during 2021?

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