Using the information, prepare a Cash Flows Statement for Excel Company (indirect method).

Excel Company presents the following information from its adjusted general ledgers for year 2011: A. Operation Sales (P600,000 not yet collected) Cost of Sales Salaries and Wages (P50,000 not yet paid) Advertising Expense Office Supplies Expense Insurance Expense Depreciation Expense Taxes and Licenses B. Purchase of Equipment C. Loan from Banko Oro D. Cash withdrawn by the sole owner Peter Santos E. Additional cash invested by Peter Santos F. Cash purchase of delivery van G. Cash balance beginning P 440,000: ending P 90,000. P 5,000,000 3.000.000 1,000,000 100,000 50,000 40,000 90.000 110,000 P 400.000 1,000,000 150,000 200.000 1,150,000