Compute the following problem independently. show computation in good form. 1. In 2020, Mike, a General Manager of ABC Company, earned annual compensation of 1,800,000.00, inclusive of 13th month and other benefits in the amount of 180,000.00 but net of mandatory contributions to SSS and Philhealth. Aside from employment income, he owns a sporting store, with gross sales of 2,800,000. His cost of sales and operating expenses are 1,200,000.00 and 700,000.00, respectively, and with non-operating income of 200,000.00.