Matutina had the following dealings during the year:

Capital gain

Sale of domestic stocks directly to a buyer Sale of domestic bonds directly to a buyer

$\backslash$table$[[$Short Term,Long Term$],[\backslash$table$[[$P $40,000],[40,000]],\backslash$table$[[$P $50,000],[20,000]]],[20,000,10,000],[10,000,10,000],[10,000,]]$

Sale of foreign stocks

Sale of domestic stocks directly to a buyer

Ordinary loss

Sale of old machine

$40,000$

Matutina has a business income totaling P$500,000$ including P$18,000$ dividend income from a domestic corporation. Compute the total income of Matutina subject to regular tax.

a$.P497,000$

c$.P522,000$

b$.P517,000$

d$.P507,000$