69 and 70 are based on the following: A PEZA-registered entity engage as an export enterprise provided you with the following information for the current taxable year: Export sales Direct costs Administrative expenses Marketing expenses Other operating expenses Incidental losses Additional information: a. Domestic sales at P24,500,000 with direct cost at P14,700,000 P45,500,000 27,000,000 5,650,000 2,720,000 1,330,000 320,000 b. Other expenses related to the domestic sale incurred amounted to P3,206,400 C. PEZA Letter of Authority No. 18-ERD-LS-FP/EE-0001 provides domestic sales limitation at 3.0% 69. What is the entity's total income tax for the year? a. P 925,000 b. P1,978,080 (CP2, 903,000 d. None of the choices 70. What is the entity's income tax if the PEZA Letter of Authority No. 18-ERD-LS-FP/EE- 0001 provides domestic sales limitation at 30% as a condition for fiscal incentives? a. P4,522,080 b. P2,903,000 C. P1, 978,080 d. None of the choices