Claudine Comapny reported net income of P7,000,000 and provided the following information for the current year: Amortization of patent 60,000 Depreciation on plant assets 1,700,000 Long-term debt: Bond discount amortization 70,000 Interest paid 950,000 Income tax: Income tax expense 300,000 Increase in deferred tax liability 35,000 Purchased of additional financial asset at FVPL 1,000,000 Unrealized loss on financial asset held for trading 110,000 Unrealized loss on financial asset at FVOCI 500,000

What is the amount of income tax paid for the current year?