The transactions pertaining to Cash were taken from the books of ABC Company for the year 2021: Additional cash investment by the owner during the year P100,000 Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent Payment of other operating expenses Proceeds from bank loan 120,000 80,000 289,500 At the end of the previous year, the entity had P32,500 cash balance. How much is the net cash flows from operating activities