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: P5,000,000 Cost of Sales 1,000,000 Salaries & Wages 200,000 Rent Expense 180,000 Depreciation 120,000 Representation Expense 100,000 How much is the taxable income of Atty. King? Sales