Help me to answer the following:

1. In 2019, AC Corporation had pretax financial income of P1, 680,000 and taxable income of P1, 200,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 40%. Compute the amount to be reported as income taxes payable at December 31, 2019.

2. OX Corporation began operations in 2019 and reported pretax financial income of P2, 250,000 for the year. OX's tax depreciation exceeded its book depreciation by P400, 000. OX's tax rate for 2019 and years thereafter is 30%. In its December 31, 2012, balance sheet what amount of deferred tax liability should be reported

3. At December 31, 2019, SK Corporation had an estimated warranty liability of P1, 050,000 for accounting purposes and P0 for tax purposes. The warranty costs are not deductible until paid. The effective tax rate is 40%. Compute the amount SK should report as deferred tax asset at December 31, 2012.

4. At December 31, 2018 AP Corporation had a deferred tax liability of P250, 000. At December 31, 2019, the deferred tax liability is P420, 000. The corporation's 2019 current tax expense is P480, 000. What amount should AP report as total 2019 income tax expense?

5. At December 31, 2019, HD Corporation has a deferred tax asset of P2, 000,000. After a careful review of all the available evidence, it is determined that is more likely than not that P600, 000 of this deferred tax asset will not be realized. Prepare the necessary journal entry.

6. SP Factory provides a 2 year warranty with one of its products which was first sold in 2019. In that year SP Factory spent P700, 000 servicing warranty claims. At year end, SP Factory, estimates that an additional P400, 000 will be spent in the future to service warrant claims related to 2019 sales. Prepare SP Factory journal entry to record P700, 000 expenditure and the December 31, adjusting entry.

7. LP Corporations sells smart televisions. The corporation also offers its customers a 2 year warranty contract. During 2019, LP sold 20,000 warranty contracts at P990 each. The corporation spent P1, 800,000 servicing warranties during 2019 and it estimates that an additional P9,000,000 will be spent in the future to service the warranties. Prepare LP Corporation's journal entries for (a) the sale of contracts (b) the cost of servicing warranties and (c) the recognition of warranty revenue.

8. NY Company offers a set of building blocks to customers who send in 3 UPC codes from NY cereal along with P50. The block set costs NY P110 each to purchase and P60 each to deliver to customers. During 2019, NY sold 12,000,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 2019, 1,200,000 UPC codes were redeemed. Prepare NY's December 31, 2019 adjusting entry.