Reference no: EM132858829

The following are items taken from the records of Maybelline Company for 2020:

Profit after income tax expense of P 780,000 - P 1,820,000
Payment for purchase of land - P 400,000
Payment for retirement of bonds - P 600,000
Depreciation expense - P 750,000
Proceeds from issuance of ordinary shares - P 700,000
Share of profit of subsidiary - P 480,000
Patent amortization expense - P 270,000
Interest expense - P 100,000
Increase in accounts receivable - P 340,000
Payment of dividends - P 500,000
Decrease in accounts payable - P 26,000
Increase in interest payable - P 18,000
Increase in income tax payable - P 60,000

Problem 1: How much is the net cash provided by operating activities?