Corporate Income Tax Computation. Instruction : Referring to the following information, Compute the corporate income tax payable of Company B. The income tax rate is 20%. Company B is VAT registrant. All amount presented is not included VAT. The audited financial statements of Company B present the profit for the accounting period 1 January 2019-31 December 2019 as below Profit and Loss statement and the detail of the financial statements according to the accounting requirement as follows. Revenue From sale 90,000,000 Gain on exchange rate 2,000,000 Interest income 500,000 Sale from disposal of asset 5,000,000 Dividend receive 2.500.000 Total revenue 100.000.000 Expense Cost of good sold 73,000,000 Management Salary 8,000,000 Entertainment cost 500,000 Infrastructure expense water, electricity, telephone 400,000 Interest paid 600,000 Accounting fee 120,000 Auditing fee 40,000 Charity donation expense 400,000 Education donation expense 300,000 Depreciation 5,200,000 Training expense 40,000 Withholding Tax 2017 Written-off 255,000 Research and Development cost 100.000 Total expense 88.700.000 Here are the additional information from the auditing of the accounting book and supporting documents. Loss camed forward which not over 5 accounting period is 907,500 Baht. Withholding tax / prepaid tax which can be used as credit for this accounting period is 1,200,000 Baht. Interest expense is the wrong accounting transaction record, there has no evidence for payment Depreciation expense is over record in total of 400,000 Baht. Dividend is the amount received from other Thai company