Based on the information below provide the following:

$1.$ Identify at least $10$ possible issues the company would be facing based on its income statement, provide the legal basis of your claim. Please use CREATE law, TRAIN law, or NIRC Revenue Regulations as Legal Basis.

$2.$ Provide recommendations on the issues provided, apply SAVANT principles on each recommendation.

$3.$ Prepare tax computation based on the current Trial Balance applying the issue identified in number $1$ and tax computation based on Eventechnique, Inc. $($the Company$)$ was incorporated and registered with the Philippine

Securities and Exchange Commission $($SEC$)$ on October $1,2012$ primarily to engage in

the business of planning, organization and management of events and such other related

activities to improve and further the business. The Company started its commercial

operations on January $3,2013.$

Certificate of Registration is show below; Below is the Balance Sheet

From Q$1$ to Q$4-$ CWT collected $393,783$

NOLCO amounting to $5,457,479$ Below is the initial Trial Balance of the Company

Sales

$19,815,390\mathrm{.}3$

Less: Cost of Sales

Net Income $,4,200,086$

Based on its $1604$ E$-$Total Reported is $2,765,977.$ Based

on the information below provide the following:

Identify at least $10$ possible issues the company would be facing based on

its income statement, provide the legal basis of your claim.

Provide recommendations on the issues provided, apply SAVANT

principles on each recommendation

Prepare tax computation based on the current Trial Balance applying the issue identified

in number $1$ and tax computation based on your recommendation your recommendation.