Reference no: EM132767415

Question - The balances sheet data of Sweet Corn Company at the end of 2020 and 2021 follow:

	2021	2020
Cash	250,000	350,000
Accounts receivable, net	600,000	450,000
Merchandise inventory	700,000	450,000
Prepaid expenses	100,000	250,000
Building and equipment	900,000	750,000
Accumulated depreciation	(180,000)	(80,000)
Land	900,000	400,000
TOTALS	P3,270,000	P2,570,000
	2021	2020
Accounts payable	680,000	550,000
Accrues expenses	120,000	180,000
Notes payable (long term)		400,000
Mortgage payable	300,000
Ordinary share capital, P10 par	2,090,000	1,590,000
Accumulated Profits/Losses (deficit)	80,000	(150,000)
TOTALS	P3,270,000	P2,570,000

Land was acquired for P500,000 in exchange for ordinary share, par P500,000 during the year. All equipment purchased was for cash. Equipment costing P50,000 was sold for P20,000, with book value of P40,000. Cash dividends of P100,000 were charged to Accumulated Profits and Losses and was the only entry in this account.

In the December 31, 2021 statement of cash flows of the company, how much would be the net cash provided (used) by -

1. Operating activities?

2. Investing activities?

3. Financing activities?