18-20. KLM Corporation, a domestic corporation, had the following financial information for CY 2021: gross sales of P50 Million; cost of sales of P35 Million; and operating expenses of P12.6 Million, broken down as follows: Cost of Sales Direct materials P20,000,000 Direct labor 10,000,000 Manufacturing overhead 5,000,000 Total P35,000,000 Operating Expenses Salaries and wages P5,000,000 Taxes 200,000 Depreciation 300,000 Professional fees 200,000 Advertising expenses 3,000,000 Training expenses 3,000,000 Office supplies 500,000 Interest expense Total 400,000 P12,600,000 The training expenses of P3,000,000 was incurred for its trainees enrolled in a specific skills development program of TESDA. Moreover, the corporation earned interest income, net of the 20% FT, in the amount of P100,000. Assuming the corporation has complied with the withholding tax requirements on all its costs and expenses subject to withholding tax, compute its allowable deduction. Compute net taxable income for taxable year 2021? Compute tax due/payable for year 2021?