I hope you can help me with these;

Mika thok store reported the following account balances for cy 2016

SMART 3G 3:15 PM @ 46% mail-attachment.googleusercontent.com Cash and Cash Equivalent 575,815 Accounts Receivables 385,000 Merchandise Inventory, Dec. 31 712,225 Prepaid Expenses 22.400 Land 1,200,000 Leasehold Improvements 350,000 Equipment 750,000 Furnitures and Fixtures 250,000 Accumulated Depreciation 50,000 Accounts Payable 175,000 Note Payable 1,000,000 Mica Thok Capital, Jan. 1 2,400,565 Net Income 769,875 Drawings 150,000 Mica Thok Capital, Dec. 31 3.020,440 Sales 4,500,000 Purchases 2,925,000 Merchandise Inventory, Jan. 1 655,250 Purchase Discount 58,500 Sales Discount 90,000 Salaries and Wages 360,000 Interest Expense 85,000 Rent Expense 120,000 Advertising Expense 6.000 Travelling Expense 12,500 Utilities Expenses 150,000 Taxes and Licenses 15,750 Repairs and Maintenance 13,150 Depreciation 50,000 Representation 18.200 Compute : (1) Net Taxable Income (2) Income Tax Payable Note: eBIRForm System