27. Acer, Inc. reported a taxable income of P8,000,000 in its Form 1702 for its first year of operations, calendar year 2020. Below are the differences between taxable and financial income: Excess tax depreciation over accounting depreciation: P500,000 Revenue collected for tax in excess of accounting revenue: P2,000,000 Tax penalties expensed in the income statement: P200,000 Income tax rate is 30%. What is the NET DEFERRED TAX EXPENSE for 2020? HIJ Company provided employees with entitlement to two weeks of paid vacation leave. During the current year, all employees earned 1,500 weeks of vacation leave and used 1,000 weeks. Current salary of employees is P3,000 per week and this is expected to increase by P300 per week or a future weekly salary of P3,300 by next year. Vacation leaves used are charged to expense using the current salary while vacation leaves unused are accrued at year-end using the future salary. How much is the vacation pay expense if the benefit is accumulating and vesting? 5 Points) O a. 4,650,000 O b. 4,500,000 c. 4,950,000 O d. 3,000,000 33. LR Inc. provides a retirement plan to its employees through a defined contribution plan. This plan provides that LR shall contribute 9% of gross payroll and in addition, 6% of annual sales exceeding 15,000,000. During the current year, the company's gross payroll is P6,500,000 and its annual sales is P32,000,000. LR remitted a total of P1,700,000 to the funding agency handling the retirement fund. How much is the prepaid/accrued post-employment benefit to be recognized from above transaction? * (1.5 Points) a. P680,000 prepaid b. P95,000 prepaid c. P680,000 accrued d. P95,000 accrued