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Tagurong Corporation has recently decided to go public and has hired you as an independent CPA One statement that the entity is anxious o have prepared is a Statement o Cash Flows Financial Statements of Tagurong Corporation for 2020 and 2019 are provided below
The following additional data were provided:
A. Dividends for the year 2020 were Php 72,000
B. During the yearequipment was sold for Php 90,000 This equipment cost Php 132,000 originally and had a book value of Php 108,000 at the time of saleThe loss on sale was Incorrectly charged to the cost of sales
C. All depreciation expensels in the selling expense
Based on the above and the result of your you are asked to provide the following information for the year ended December 2020 for Tagurong
The net cash provided by Operating Activities is Php___
