Reference no: EM133068345

Question - Corporation has the following information for the current year:

Profit for the period P5,700,000

Amortization of Patent 150,000

Impairment of PPE 500,000

Depreciation 700,000

Income Tax Expense 1,900,000

Loss on Sale Assets 200,000

Unrealized Gain on FVOCI 300,000

Unrealized Gain on FVPL 400,000

Asset revaluation reserve 1,200,000

Cumulative Translation Adjustment - Gain 350,000

Realized Gain on Foreign Currency Transaction 400,000

Unrealized Gain on Foreign Currency Translation 450,000

Increase on Trade Receivables 1,200,000

Decrease on Inventories 2,500,000

Increase in other current assets 750,000

Increase in Trade Payables 2,200,000

Increase in Notes Payable - Trade 800,000

Income Taxes Paid 250,000

Cash Dividends Declared 3,000,000

Cash Dividends Paid 2,000,000

Purchase of Treasury Stock 750,000

Purchase of Short Term Investments 480,000

Purchase of Long Term Investments 520,000

Acquisition of PPE 3,200,000

Purchase of Intangibles 1,800,000

Acquisition of Investment Property 4,000,000

Proceeds from Sale of Non-current Assets 8,000,000

Issuance of Notes Payable - Bank 3,500,000

Payment of Borrowings 4,500,000

Issuance of Bonds Payable 2,400,000

Issuance of Ordinary Shares 3,750,000

Required - Using IAS No. 7 - Prepare a Statement of Cash Flows using the Indirect Method.