3. Mr. Gongdi is an accounting practitioner in his firm. He is also a partner in a general professional partnership with a 30% interest. The following income and expense figures for him and the partnership are recorded in 2020: Mr. Gongdi Partnership Professional fees P 3,000,000 P 6,000,000 Less: Direct service costs 1 200,000 2.000,000 Gross income from operations 1,800,000 P 4,000,000 Add: Interest from deposit 50,000 80,000 Total income P 1,850,000 P 4.080,000 Less: Operating expenses 350,000 1,080,000 Net income P 1.500,000 P 3,000.000 Mr. Gongdi incurred P50,000 expense in discharging his duties in the partnership but is non-chargeable to the partnership per agreement Required 1. Compute the taxable income of Mr. Gongdi assuming a. Mr. Gongdi and the GPP opted to use itemized deduction b. Mr. Gongdi and the GPP opted to use OSD C. Mr. Gongdi opted to use OSD d. The GPP opted to use OSD 2. Compute the taxable income of Mr. Gongdi and the partnership assuming the latter is a general co-partnership 3. Ms Malou compiled her income and expenses in the immediately preceding year as follows: Compensation, net of P48,000 income taxes P 552,000 Sales 800,000 Dividends 28,000 Interest from client's notes 20.000 Total revenue P 1,400,000 Less: Expenses Discounts, returns and allowances 12,000 Purchases, net of P12,000 increase in inventory 488,000 Business expenses, including P54,000 quarterly income taxes 204,000 Net income P 696,000 Required: Assuming she opted to use OSD, compute the following 1. Optional standard deduction 2. Taxable income using