MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 1^st quarter is Php 300,000.00, same with the 3^rd & 4^th quarters. Second quarter sales are 25% lower than the 1^st quarter. While Total Operating Expenses is half of the Gross Profit. Tax rate is 20%. How much is the Net Income of the company after tax? Show your computation.