Presented below are specific sources and uses of cash for Masagana Company for the year ended December 31, 2021:

Cash collected from customers for services rendered	P 234,575
Repayment of the principal of the 3 year bank loan	187,200
Payment of operating expenses	267,930
Proceeds from the sale of an old used equipment	18,300
Additional Investment of the owner	48,930
Withdrawals of the owner	28,930
Collections on services rendered	300,350
Collection on customers accounts	83,780
Purchased office supplies	12,950
Purchased office tables and chairs	27,900

How much is the net increase in cash during the year?