with complete solutions, journal entry (if ever) and answer.

Alpha Company had the following activities during the year: Acquired 2,000 shares of Maybel Corporation for P260,000. Sold an investment in Rate Motors for P350,000 when the carrying amount was P330,000. Acquired a P500,000, 4-year certificate of deposit from a bank. During the year, interest of P37,500 was paid to Alpha Collected dividends of P12,000 on share investment. What is the net cash used in investing activities? 360,500 2 372,500 3 410,000 398,000