what is the operating activities a. 2,900,000b.4,250,000c. 4,130,000d. 3,950,000what is the investing activitiesa. 2,500,000b.2,620,000c. 3,180,000d.2,200,000what is the financing activitiesa. 620,000b. 250,000c.870,000d. 0

Problem 17-34 (IAA) New World Company recorded the following transactions during the current year. * Net income was P2,900,000. which included P300,000 loss resulting from the condemnation of land by the city government. The entity received P3,300,000 for the land carried at P3,600,000. * Patent account increased by P560,000 during the year, representing acquisition of P680,000 and amortization of P120,000. * Property, plant and equipment had a net increase of P2,200,000. * Accumulated depreciation: Ending balance 4,200,000 Beginning balance 3,270,000 * Cash dividends of P250,000 were declared and paid. * Treasury shares with par value of P400,000 were acquired for P620,000 cash. Convertible bonds issued at face amount of P2,000,000 were converted into share capital during the year. The par value of the share capital issued was P1,500,000. All current assets and current liabilities, other than cash remained unchanged during the year. * Working capital increased by P200,000 during the year. 539