GENERAL INSTRUCTIONS: 1. READ THE QUESTIONS CAREFULLY AND WRITE YOUR ANSWERS ON THE ANSWER SHEET PROVIDED ON THE LAST PAGE. 2. DOUBLE RULE YOUR FINAL ANSWERS. Additional Information: a. Ending Inventory is P90,447 b. Three-fourths of the salaries, rent, and depreciation expenses pertain to the non-sales personnel/department. The sales department does not share in the other expenses. Requirement: Compute the following: a. Cash and Cash Equivalents b. Trade and Other Receivables c. Prepaid Expenses d. Property, Plant, and Equipment e. Cost of Sales f. Selling Expenses g. Administrative Expenses Prepare the following: a. Statement of Financial Position using the account form. b. Statement of Comprehensive Income GENERAL INSTRUCTIONS: 1. READ THE QUESTIONS CAREFULLY AND WRITE YOUR ANSWERS ON THE ANSWER SHEET PROVIDED ON THE LAST PAGE. 2. DOUBLE RULE YOUR FINAL ANSWERS. Additional Information: a. Ending Inventory is P90,447 b. Three-fourths of the salaries, rent, and depreciation expenses pertain to the non-sales personnel/department. The sales department does not share in the other expenses. Requirement: Compute the following: a. Cash and Cash Equivalents b. Trade and Other Receivables c. Prepaid Expenses d. Property, Plant, and Equipment e. Cost of Sales f. Selling Expenses g. Administrative Expenses Prepare the following: a. Statement of Financial Position using the account form. b. Statement of Comprehensive Income