The following are comparative statements of financial position and a statement of profit or loss for Monday Co.

Monday Co. Statements of Financial Position as of December 31
Assets	2022	2021
Cash	p21,500	p120,000
Accounts receivable	195,000	105,000
Inventory	180,000	225,000
Long-term investments	0	60,000
Totals	p396,500	p510,000
Liabilities and shareholders' equity
Accounts payable	p75,000	p120,000
Operating expenses payable	24,000	15,000
Bonds payable	70,000	100,000
Ordinary share capital	125,000	125,000
Retained earnings	102,500	150,000
Totals	p396,500	p510,000

Monday Co. Statement of Profit or Loss for the Year Ended December 31, 2022
Sales		p560,000
Cost of goods sold:
Beginning inventory	p225,000
Purchases	330,000
Goods available for sale	555,000
Less: ending inventory	180,000
Cost of goods sold		375,000
Gross profit		185,000
Operating expenses		180,000
Profit from operations		5,000
Other expenses:
Loss on sale of long-term investment		(7,500)
Net loss		(p2,500)

Cash dividends of p45,000 were paid in 2022. Required: Assume that Monday Co. classifies dividends paid as a financing activity.

Note: This can be solved in spreadsheet form if the instructor wishes.

Monday Co. Statement of Cash Flows for the Year Ended December 31, 2022
Cash flows from operating activities:
Cash inflows:
From customers	p470,000
Cash outflows:
To suppliers of goods	(375,000)
For operating expenses	(171,000)
Net cash flows from operating activities		(p76,000)
Cash flows from investing activities:
Sale of long-term investments	52,500
Net cash flows from investing activities		52,500
Cash flows from financing activities:
Repayment of bonds	(30,000)
Payment of cash dividends	(45,000)
Net cash flows from financing activities		(75,000)
Net decrease in cash		(98,500)
Cash balance, January 1		120,000
Cash balance, December 31		p21,500

How much is the collection from customers in 2022?

A. 470,000

B. 300,000

C. 370,000

D. 400,000

How much was the payment to suppliers in 2022?

A. 325,000

B. 375,000

C. 350,000

D. 300,000

How much was the total payment for operating expenses in 2022?

A. 154,000

B. 164,000

C. 161.000

D. 171,000

How much was the cash flow provided (applied) from/(for) operating activities?

A. 76,000

B. (76,000)

C. 54,000

D. (54,000) How much was the cash flow provided (applied) from/(for) investing activities?

A. 52,500

B. 47,500

C. 42,500

D. 50,000

How much was the cash flow provided (applied) from/(for) financing activities?

A. (75,000)

B. (72,000)

C. (70,000)

D. (71,500)

What is the book value of Long Term investment sold this year?

A. 80,000

B. 60,000

C. 40,000

D. 45,000

How much is the Cash flow during the year?

A. (97,500)

B. (95,000)

C. (96,750)

D. (98,500)

What amount out of financing Cash Flow, affects equity during 2022?

A. (47,000)

B. (42,000)

C. (45,000)

D. (43,500)

With the comparison from 2021, Is the liquidity picture of 2022 better? YES or NO.

A. YES

B. NO

C. YES OR NO

D. UNDECIDED