Monster Inc. provided the following data:

2020 2019

Cash P300,000 P200,000

Accounts Receivable 840,000 580,000

Merchandise Inventory 660,000 420,000

Prepaid Expenses 100,000 50,000

Long term investment 80,000 0

Property, Plant, and Equipment 1,130,000 600,000

Accumulated Depreciation 110,000 50,000

Accounts Payable 530,000 440,000

Accrued Expenses 140,000 130,000

Dividend Payable 70,000 0

Note Payable- Long Term Debt 500,000 0

Share Capital 1,200,000 900,000

Retained Earnings 560,000 330,000

Net Credit Sales 6,400,000 4,000,000

Cost of Goods Sold 5,000,000 3,200,000

Expenses 1,000,000 520,000

Net Income 400,000 280,000

All accounts receivable relate to trade merchandise.

Accounts payable are recorded net and always paid to take all of the discounts allowed.

The allowance for doubtful accounts at the end of 2020 was the same as at the end of 2019. No receivables were charged against the allowance during 2020.

The proceeds from the note payable were used to finance a new store building. Share capital was sold to provide additional working capital to the company. Determine the following:

Make a Statement of Cash Flows for the entity for the year ended 2020