Direct method The following data are taken from the records of F.Shield Company for the year 2020. Prepare astatement of cash flows then determine the following:a. Net cash flow from operating activitiesb. Net cash flow from investing activitiese. Net cash flow from financing activitiesd. Net increase/decrease in cashe. Cash balance on December 31, 2021Cash balance on January 1, 2020 in P 308, 000Provision for bad debts28, 00Proceeds from sale of land950,000Receivable from customerss00, 000800, 000900, 000Cash purchase of service vehicleAdditional investment of ownerRent income received32, 000Principal long-term loan paid600, 000Cash receipt from customers600, 000Depreciation expense40, 000Payment of operating expenses975, 000Proceeds of BDO loan350, 000Dividends income received23, 000Asset withdrawal of owner125, 000

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The following data are taken from the records of F.Shield Company for the year 2020. Prepare a statement of cash flows then determine the following: a. Net cash flow from operating activities b. Net cash flow from investing activities e. Net cash flow from financing activities d. Net increase/decrease in cash e. Cash balance on December 31, 2021 Cash balance on January 1, 2020 in P 308, 000 Provision for bad debts 28, 000 Proceeds from sale of land 960,000 Receivable trom austomers 600, 000 B00, 000 000, 000 Cash purchase of service vohicie Additional investment of owner Rent income reoeived 32, 000 Principal long term loan paid 600, 000 Cash receipt from customers 000, 000 Depreciation expense 40, 000 Payment of operating expenses 976, 000 Proceeds of BD0 loan 350, 000 Dividends income received 23, 000 Asset withdrawal of owner 125, 000