Help me please with explanation. It's better to right it so that I can understand better. Thank you. Example is given.

Mr. Carlo Raulo established a consultancy rni. The following data are taken from the records of C. Raulo Consultancy.r Services for the year 2017. ' Consultancy fees receivable from clients I - ?500,000 Cash receipt from clients ._ 2" 600,000 Depreciation expense , I 40,000 Proceeds of Metrobank loan / ' 350,000 Cash purchase ofvan / , . 800,000 Provision for bad debts I 28,000 _ Additional investment of C. Raulo / ' 900,000 Dividends income received ,- 23,000 Rent income received .r _ 32,000 Payment of operating expenses / 975,000 . Principal lo ng-term loan paid . 60 0,000 Asset withdrawal of owner . _ 125,000 . Proceeds from sale of land / 950,000 I ' Cash balance on January 1, 2017 is =F"308,000. ' t | Required: Prepare a statement of cash flows then determine the following: . a... 1. Net cash ow from operating activities , - Net cash flow from investing activities Net cash flow from nancing activities - _ . Net increase/decrease in Cash" PIPE-\"i" Cash balance on December 31, 2017 Ren Ren Merchandising Statement of Cash Flows For Year Ended December 31, 2016 Cash Flows from Operating Activities Receipts Collections from customers P315,800 Rent income 30,000 Dividends income 12,000. Interest income 9,000 Payments Operating expenses Big offas i (145,000) Interest expense (6,000) Net Cash from Operating Activities P 215,800 Cash Flows from Investing Activities Receipts Proceeds from sale of equipment $ 15,000 Proceeds from sale furniture Pei 8,000 Payments For purchase of furniture (31,000) (8,000) Net Cash from Investing Activities Cash Flows from Financing Activities Receipts Additional investment of owner $ 22,200 Proceeds of bank loan anidea 200,000 Payments Cash withdrawal of owner (30,000) Payment of bank loan (150,000) Net Cash from FinancingActivities Not read B 42,200 Net Increase/Decrease in Cash $ 250,000 Cash balance - January 1 200,000 Cash balance - December 31 P 450,000 The wulfde The beginning balance of cash is added to the net increase or decrease in cash resulting from the operating, investing, and financing activities in order to get the ending cash balance which is the same as the amount of the cash account presented in the statement of financial position. Notice that the P 450,000 cash balance as of December 31 is the balance of the cash account in the statement of financial position