ABC corporation EBIT for 2016 amounted to 200,000. The company's capital structure consists of 100, 15% P5000 par value bonds; 1,00012% preffered shares , P100 par value, and 2,000 P50 ordinary shares , P 50 par value. Retained earnings account has a balance of P 125,000 as of December 31, 2016. Forty percents of earnings after interest and taxes (corporate tax rate- 32%) will be retained in the business.

Questions: compute for the following

1. Interest on bonds payments - P ?

2.Corporate income taxes -P ?

3.Dividends on preffered shares - P?

4. Dividends on ordinary shares P-?

5. Balance of retained earnings account as of December 31, 2016-P ?