1. Mr. Cho received the following income in 2001: a. Rent Philippines P 10,000 b. Rent Hongkong 20,000 c. Interest, Peso Deposit PNB 10,000 d. Interest, US$ Deposit PNB ($1,000xP50) 50,000 e. Interest, Deposit in Hongkong (HK$1,000xP8) 8,000 f. Prize (cash) won in a local contest 8,000 g. Prize (TV) won in local lottery valued at 10,000 h. Prize won in contest in US 30,000 i. Lotto winning in US 10,000 j. Dividend, domestic company 60,000 Years passed, above income increases as follows: 2. Year 2020 - multiply by 9 times each income ( for HR & FM ) ( USE THE NEW SCHEDULAR RATE) Required: Compute the taxable income in 2018 and 2020 assuming Mr. Cho is a (a) Resident Citizen (b) Nonresident Citizen Note: show all the necessary solutions