The profit or loss section of the statement of comprehensive income of ITS NOT OK TO BE OK Company for the year ended December 31, 2020 is reproduced below:

Sales	P 6,100,000
Cost of goods sold	3,700,000
Gross profit	P2,400,000
Gain on sale of equipment	100,000
Salaries expense	-820,000
Insurance expense	-380,000
Depreciation expense	220,000
Profit before interest and income tax	P1,080,000
Interest expense	120,000
Profit before income tax	P960,000
Income tax expense	288,000
Profit	P672,000
The following information is also available:
Accounts receivable, Dec.31	P120,000
Inventory, Dec.31	280,000
Accounts payable, Jan. 1	160,000
Salaries payable, Jan.1	100,000
Interest payable, Dec. 31	30,000
Income tax payable, Dec. 31	18,000

Required: 

Prepare ITS OK NOT TO BE OK Company’s 2020 Statement of Cash Flows using the direct method.