Question: Kindly answer the question 21:58 . . . LTE1 .I LTE2 ,Ill You 20 October, 02:53 . . . The differences in Sanaol's balance sheet

Kindly answer the question


21:58 . . . LTE1 .I LTE2 ,Ill You 20 October, 02:53 . . . The differences in Sanaol's balance sheet accounts at December 31, 2010 and 2009, are presented below. Increase (Decrease) Assets Cash and cash equivalents 120,000 Available-for-sale securities 300,000 Inventory 80,000 Long-term investments 100,000 Plant asset 700,000 Accumulated depreciation 0 TOTAL 1.100,000 Liabilities and Stockholders Equity Accounts payable and accrued liabilities 5.000 Dividends payable 160,000 Short-term bank debt 325.000 Long-term debt 110.000 Common stock P10 par 100000 Additional paid-in capital 120,090 Retained earnings 290.000 TOTAL 1. 100 900 The following additional information relates to 2010. . Net income was P790.009 . Cash dividends of P500 900 were declared21:58 P . . Vo)) NS LTE1 , I LTE2 ,ill You 20 October, 02:53 Short-term bank debt 325,000 Long-term debt 110,000 Common stock, P10 par 100000 Additional paid-in capital 120,000 Retained earnings 290,000 TOTAL 1, 100,000 The following additional information relates to 2010 . Net income was P790,000. . Cash dividends of P500,000 were declared. . Building costing P600,000 and having a carrying amount of P350,000 was sold for P350 000 . Equipment costing P110.000 was acquired through issuance of long-term debt . A long-term investment was sold for P135,000, There were no other transactions affecting long-term investments 10,000 shares of common stock were issued for P22 a share In Sanaol's 2010 statement of cash flows, Net cash used in investing activities was? Select one a. P1 600.000 b P1 005.000 OF C P1,275,000 0 P1.190,000
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