Reference no: EM132812740

JYD Company uses the direct method to prepare its statement of cash flows. JYD had the following cash flows during 2020:

Cash receipts from sale of n old van P 160,000
Cash receipts from issuance of ordinary shares 2,000,000
Cash receipts from issuance of 10%, 10 year bonds 1,500,000
Cash receipts from customers 1,000,000
Cash receipts from repayment of loan made to other company 1,200,000
Cash receipts for dividends 150,000
Cash receipts as interest 150,000
Cash payment for operating expenses 650,000
Cash payments for taxes 300,000
Cash payments for equity securities bought 900,000
Cash payments for equipment purchased 300,000
Cash payment for land purchased 1,200,000

Problem 1: What is the net cash provided (used) from investing activities?

Option 1: (P2,240,000)

Option 2: P1,640,000

Option 3: P1,940,000

Option 4: (P1,040,000)