Bestfriends Company reported pretax financial income of P8,000,000 for the year ended December 31, 2020. Its taxable income was P6,000,000. The difference is due to accelerated depreciation for income tax purposes. The income tax rate is 35% and Bestfriends made estimate tax payments of P800,000 during the current year Instructions: 1. Prepare all indicated entries relating to the income tax for 2012. 2. Compute the total income tax expense for 2012