King & Kong organized a partnership for the sole purpose of exercising law profession They agreed to share profits & losses equally. It has the following data for the year: Revenue P10,000,000 Cost of Services 2,000,000 Expenses 1,000,000 One of its partners, Atty. King, has a business of his own with the following data: Sales P5,000,000 Cost of Sales 1,000,000 Salaries & Wages 200,000 Rent Expense 180,000 Depreciation 120,000 Representation Expense 100,000 If the Partnership opted to use the deduction (Itemized or OSD) which is more beneficial to the partnership, how much is the taxable income of Atty. King? O A. 5,400,000 O B. P3,425,000 O C. P6,850,000 OD. P5,350,000 King & Kong organized a partnership for the sole purpose of exercising law profession They agreed to share profits & losses equally. It has the following data for the year: Revenue P10,000,000 Cost of Services 2,000,000 Expenses 1,000,000 One of its partners, Atty. King, has a business of his own with the following data: Sales P5,000,000 Cost of Sales 1,000,000 Salaries & Wages 200,000 Rent Expense 180,000 Depreciation 120,000 Representation Expense 100,000 If the Partnership opted to use the deduction (Itemized or OSD) which is more beneficial to the partnership, how much is the taxable income of Atty. King? O A. 5,400,000 O B. P3,425,000 O C. P6,850,000 OD. P5,350,000