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ABC Company reported in its 2019 current tax expense at P 5,530,000. The following changes in ABC asset's and liabilities are as follows: Deferred tax

ABC Company reported in its 2019 current tax expense at P 5,530,000. The following changes in ABC asset's and liabilities are as follows:

Deferred tax asset 12/31/2019-200,000 12/31/2018-500,000

Deferred tax liability 12/31/2019-420,000 12/31/2018-600,000

Income tax payable 12/31/2019-850,000 12/31/2018-200,000

The deferred tax liability was caused by accelerated depreciation and the deferred tax asset is for rentals received in advance.

How much is ABC's total income tax expense?

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