3.

STATEMENT OF CASH FLOWS

Jan. 05 2023 Jan. 06 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Change in net assets ₱ 3,500 ₱ 2,150
Adjustment to reconcile change in net assets to net cash provided by operating activities:
Forgiveness of loan payable ₱ 200 ₱ 150
Change in operating assets and liabilities:
Grants and accounts receivable ₱ 3,000 ₱ 2,500
Accounts payable ₱ 1,500 ₱ 1,000
Accrued liabilities ₱ 100 ₱ 100
Grants payable - -
NET CASH PROVIDED BY OPERATING ACTIVITIES ₱ 8,300 ₱ 5,900

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from loan payable - -
NET CASH PROVIDED BY FINANCING ACTIVITIES ₱ 1,000 ₱ 850
NET INCREASE IN CASH AND CASH EQUIVALENTS ₱ 8,300 ₱ 5,900
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR ₱ 1,400 ₱ 4,500
CASH AND CASH EQUIVALENTS, END OF YEAR ₱ 1500 ₱ 1,400