15) Torturer Company reported net income of P340,000 for the year ended December 31, 2014. Included in net income was a gain on early extinguishment of debt of P600,000 related to bonds payable with a carrying amount of P12,000,000. Each of the following accounts increased during 2014: trade notes receivable P450,000, deferred tax liability P100,000, treasury shares, P900,000. What is the amount of cash used by operating activities for the year ended December 31, 2014