Lorna Business Solutions had a profit of P330,000 in 2020. During the year, the entity had depreciation expense of P70,000. Accounts Receivable increased by P110,000 and Accounts Payable increased by P50,000. The entity started operations in 2020 and the foregoing are the entity's only current assets and current liabilities.

Required:

Determine the net cash flow from operating activities under indirect method.