Use the following information for the next four (4) questions: Jindo Company reported profits of P4,000,000 and P8,000,000 in 2021 and 2022, respectively. In 2023, the following prior period errors were discovered: The inventory on December 31, 2021 was understated by P200,000. An equipment with an acquisition cost of P1.200,000 was erroneously charged as expense in 2021. The equipment has an estimated useful life of 5 years with no residual value. Jindo Company provides full year depreciation in the year of acquisition. The unadjusted balances of retained earnings are P8,800,000 and P16,800,000 as of December 31, 2021 and 2022, respectively 22) How much is the correct profit in 20212 23) How much is the correct profit in 2022?_ 24) How much is the correct retained earnings in 2021?_ 25) How much is the correct retained earnings in 20222 26) During 2015, Rochel Company earned net income of P192,000 which included depreciation expense of P39,000. In addition, the Company experienced the following changes in the account balances listed below: Decrease Increase Accounts receivable 6,0000 Accounts payable 22,500 Prepaid expenses 16,500 Inventory 18,000 Accrued liabilities 12.000 Based upon this information what amount will be shown for net cash provided by operating activities for 2015? 27) Under the accrual basis, rental income of Goten Company for the calendar year 2011 is P1,200,000. The company had a balance of P100,000 in its Unearned Rental Income at the beginning of the year and P150,000 at the end of the year. It also had a balance of P60.000 in its Accrued Rental Income at the beginning of the year and P80,000 at the end. What is the rental income under the cash basis of accounting? 28) Gravekeeper Company acquired patent and rights and pays advance royalties in some cases, and in other, royalties are paid within 90 days after year-end. The following are included in Gravekeeper's balance sheet: December 31, 2017 December 31, 2016 Prepaid royalties 55,000 45,000 Royalties payable 80,000 75,000 During 2017. Gravekeeper remitted royalties of P300,000. In its income statement for the year ended December 31, 2017. Gravekeeper Company should report royalty expense of