Aie donated the following property to her sister Jue during December 25, 2021:

Land with a FMV of P6,500,000 subject to a mortgage of P600,000 assumed by Jue.

Cash of P700,000.

Chanel classic double flap in medium size amounting to P500,000.

1.What is the correct amount of net gifts made?

a. P7,700,000 c. P7,100,000

b. P7,450,000 d. P7,200,000

2.. How much is the donor's tax payable by Aie?

a. P462,000 c. P426,000

b. P411,000 d. P447,000