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Admin Buddies Company provided the following information for the current year: Cash Sales Gross 2,000,000

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Admin Buddies Company provided the following information for the current year: Cash Sales Gross 2,000,000.00 Returns and Allowances 100,000.00 Credit Sales Gross 3,000,000.00 Discounts 150,000.00 On January 1, customers owed Php 1,000,000. On December 31, customers owed Php 750,000. The entity used the direct write-off method for bad-debts. No bad debts were recorded in the current year. Under cash basis, what amount of revenue should be reported for the current year? Please show your solution