Reference no: EM132931363

Problem - Twin Company provided the following information during the current year.

Dividend received P500,000

Dividend paid 1,000,000

Cash received from customers 9,000,000

Proceeds from issuing share capital 1,500,000

Interest received 200,000

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

Cash paid to suppliers and employees 6,000,000

Interest paid on long-term debt 400,000

Income taxes paid 300,000

Cash balance, January 1 1,800,000

Required - What is the net cash provided by operating activities for the current year?