Reference no: EM132708862

On December 31, 2020, Harold Corporation provided the following information:

Dividend received                      500,000

Dividend paid                              1,000,000

Cash received from customers     9,000,000

Cash paid to suppliers and employees 6,000,000

Interest received                                200,000

Interest paid on long-term debt                400,000

Proceeds from issuing share capital     1,500,000

Proceeds from sale of long-term investments   2,000,000

Cash paid for equity investment at FVOCI       800,000

Income taxes paid                                      300,000

Proceeds from long-term debt                      3,000,000

Problem 1: What is the net cash provided by operating activities for 2020?

a. 3,300,000 b. 3,000,000 c. 2,700,000 d. 2,000,000