Jam Liner Company has taxable income for the year 2021 amounting to P5,000,000, The tax bases for its assets and liabilities at December 31, 2021 are equal to their carrying amounts except for the following items: Accounts receivable Inventories Buildings - net Provision for warranty Book P1,900,000 950,000 10,000,000 Tax P2,100,000 850,000 8,200,000 Unearned rent 800,000 500,000 The company's statement of financial position as of December 31, 2020 showed deferred tax liability of P1,400,000 and deferred tax asset of P525,000. The company is subject to income tax rate of 30%. It is believed that any deferred tax asset is fully realizable. The company paid no income tax during 2021 relating to 2021 operations. How much is the future taxable amount and deferred tax liability, respectively as of 2020? a. P1,900,000 and P570,000 b. P1,500,000 and P450,000 c. P1,550,000 and P465,000 d. P2,766,667 and P830,000 How much is the future deductible amount and deferred tax asset, respectively as of 2020? a. P1,900,000 and P570,000 b. P1,500,000 and P450,000 c. P1,550,000 and P465,000 d. P2,766,667 and P830,000