Following are the comparative statements of financial position of Tina Burner Company to aid in preparing a statement of cash flows.

Tina Burner Company Comparative Statements of Financial Position December 31, 2021 and 2020

Assets

2021 2020

Cash and cash equivalents P 900,000 P 620,000

Financial Assets @ FVPL 400,000 300,000

Accounts receivable 1,956,500 1,445,000

Inventory 3,050,000 3,200,000

Long-term investments 1,000,000 1,250,000

Property, plant and equipment 9,000,000 8,000,000

Less: Accumulated depreciation 2,200,000 2,000,000

Patents 600,000 600,000

Less: Accumulated amortization 100,000

Total Assets P 14,606,500 P 13,415,000

Liabilities and Equity

Accounts payable P 2,200,000 P 1,900,000

income tax payable 34,500 45,000 1

2% Bonds payable 4,000,000 4,000,000

Less: Discount on Bonds 250,000 300,000

Ordinary share capital 7,500,000 6,500,000

Retained earnings 1,122,000 1,270,000

Total Liabilities and Equity P 14,606,500 P 13,415,000

The following events took place in 2021:

Tina Burner declared and paid cash dividends of P 750,000.

A long-term investment was sold for P 280,000.

Equipment costing P 900,000 with accumulated depreciation of P 400,000 was sold for P 420,000.

Other information:

The 6% bonds payable were issued on December 31, 2020 and interest is payable every December 31.

Income tax rate is 30%.

How much is the net cash provided by investing activities?