Enabling Assessment in Preferential Taxation XYZ Co. has the following data in 2020: Gross Sales (80% export, 20% domestic sales) - P 150,000,000 Sales Returns and Allowances - 7.5% of Gross Sales Sales Discounts - 1% of Gross Sales Prime Costs Materials Used -50% Labor - 30% Overhead charged to Prime Costs -20% Rent (50% factory, 50% office) 4,000,000 Utilities ( 60% factory) 1,000,000 Depreciation- Office Equipment 2,000,000 Depreciation - Factory Equipment 5,000,000 Other Operating Expenses 2,000,000 Financing Charges 2,000,000 Factory Supplies 1,000,000 Salaries of line leaders 2,000,000 Salaries of managers 1,000,000 Notes: 1) Domestic sales refer to non-negative list items. 2) No inventories beg and ending were noted. Required: Compute for the tax due and payable assuming ABC Co. is (a) Ecozone export enterprise; (b) business registered under Omnibus Investment Code where ITH are both not in existent. Format of Answers: 1. Tax Due and Payable if Ecozone: 2. Tax Due and Payable if reg under Omnibus Inv Code: Enabling Assessment in Preferential Taxation XYZ Co. has the following data in 2020: Gross Sales (80% export, 20% domestic sales) - P 150,000,000 Sales Returns and Allowances - 7.5% of Gross Sales Sales Discounts - 1% of Gross Sales Prime Costs Materials Used -50% Labor - 30% Overhead charged to Prime Costs -20% Rent (50% factory, 50% office) 4,000,000 Utilities ( 60% factory) 1,000,000 Depreciation- Office Equipment 2,000,000 Depreciation - Factory Equipment 5,000,000 Other Operating Expenses 2,000,000 Financing Charges 2,000,000 Factory Supplies 1,000,000 Salaries of line leaders 2,000,000 Salaries of managers 1,000,000 Notes: 1) Domestic sales refer to non-negative list items. 2) No inventories beg and ending were noted. Required: Compute for the tax due and payable assuming ABC Co. is (a) Ecozone export enterprise; (b) business registered under Omnibus Investment Code where ITH are both not in existent. Format of Answers: 1. Tax Due and Payable if Ecozone: 2. Tax Due and Payable if reg under Omnibus Inv Code