Reference no: EM132756403

SME provided the following information about the preparation of a statement of cash flows for the current year:

Profit for the year 380,000

Noncash finance costs, finance cost paid P25,000 1,000

Noncash tax expense, income tax paid P190,000 79,000

Depreciation of property, plant, and equipment 270,000

Impairment loss 30,000

Amortization of intangibles 2,000

Gain on sale of equipment 60,000

Increase in trade and other receivables 10,000

Decrease in inventories 9,000

Increase in trade payables, including unrealized foreign exchange loss of P1,000

charged to other expenses 11,000

Increase in current and long-term benefit payable 3,000

Proceeds from the sale of equipment 100,000

Purchase of equipment 485,000

Payment of finance lease liability 19,000

Repayment of borrowings 100,000

Dividends paid 150,000

Procedure:

Problem 1. Open MS Excel and start a new worksheet. Then, compute for the following:

A. Net cash provided by operating activities

B. Net cash used in investing activities

C. Net cash used in financing activities