Case 1: The following cumulative balances during the year on income and expenses were provided by Juan Dela Cruz, a resident citizen: 1 st Q 2nd Q 3rd Q Year Gross Profit from sales 300,000 650,000 910,000 1,200,000 Business expenses 120,000 262,000 405,890 426,700 Dividends from a 20,000 20,000 20,000 20,000 domestic corp. Interest income from: BPI 4,000 8,000 12,000 16,000 UCPB 8,000 12,000 16,000 18,000 Metro Bank 5.000 10.000 15,000 30,000 Capital gain on sale 150,000 150,000 150,000 150,000 of land Selling Price - Php 600,000 Cost - Php 450,000 Required: A. Compute the following for the Ist, 2nd, 3rd and 4th quarter: Particulars 1 st Quarter 2nd Quarter |3 d Quarter 4th Quarter 1. Taxable Net Income 2. Income Tax Due 3. Income Tax Payable B. Total final tax on passive income for the year C. Total capital gains tax for the year