Mr. S, resident citizen, died on Feb. 14, 2019 and the leaving properties, with their corresponding fair market values, and obligations, as follows:

Land inherited 18 months before (with fair market value of P 12,500,000

and a mortgage of P 900,000 when inherited) P 13,600,000

Residential house and lot (family home) 12,700,000

Personal properties 10,700.000

Actual Funeral expenses 290,000

Judicial expense acquired 5 months after death 200,000

Claims against the estate 300,000

Loss on theft on residential house and lot, after 2 months after death 500,000

Unpaid taxes 180,000

Mortgage unpaid on inherited land 400,000

Medical expenses acquired 6 months before death 150,000

Medical expenses acquired 1 years ago before his death 200,000

Required:

Compute the following:

Net taxable estate including vanishing deduction.