L Co a domestic corporation in its seventh year of operation in 2018 (Fill in the blank and provide the corresponding computation and necessary journal entries.).

1. Given:

Gross Profit 780,000

Business Expenses 600,000

Net income 180,000

How much Normal Tax?

How much MCIT?

How much Income tax expense?

How much Income tax payable?

How much Deferred charges?

What is the journal entries

2. Given:

Gross Profit 990,000

Business Expenses 710,000

Net income 280,000

How much Normal Tax?

How much MCIT?

How much Income tax expense?

How much Income tax payable?

How much Deferred charges?

What is the journal entries?

3. Given:

Gross Profit 1,200,000

Business Expenses 1,500,000

Net income (300,000)

How much Normal Tax?

How much MCIT?

How much Income tax expense?

How much Income tax payable?

How much Deferred charges?

What is the journal entries?

4. Given:

Gross profit 600,000

Business Expenses 400,000

Net income 200,000

How much Normal Tax?

How much MCIT?

How much Income tax expense?

How much Income tax payable?

How much Deferred charges?

What is the journal entries?