Problem 1 Seyu Nachi Nelas Ku reported below comparative statement of financial position 2022 2021 P 83,000 P Cash 120,000 Accounts receivable 75,700 88,000 Merchandise Inventory 65,300 75,000 Prepaid expense 30,000 24,000 Property and equipment 450,000 400,000 Accumulated Depreciation (106,000) (160,000) Total Assets P 598,000 P 547,000 P Accounts payable 80,500 P 12,000 Interest payable 8,000 10,000 400,000 500,000 Long-term loan 109,500 25,000 Shareholder's equity 598,000 P 547,000 Total Liability and Equity The income statement of Seyu Nachi Nelas Ku for 2022 is shown below Net Sales 566,440 Gain on sale of equipment 20,000 Cost of Sales 315,240 Administrative expense 75,400 Selling expense 82,300 Interest expense 38,000 Additional information: 1. During 2022, shares was issued for cash P 10,000 and dividends of P 1,000 were declared and paid 2. Additional equipment was purchased for cash on July 1, 2022. Note that as part of business policy, the estimated useful life of all equipment is 5 years with no residual value 3. On Jan. 1, 2022 sold an equipment costing P 190,000 with accumulated depreciation of P 120,000 was sold for P 90,000 4. Total depreciation for 2022 is P 66,000 5. Prepaid expense pertains all to office and store supplies. Total supplies expense for 2022 is P 8,000.Required: Determine the following: 1. Net Cash flows provided by operating activities 2. Net Cash flows used in investing activities 3. Net Cash flows used in financing activities