P Company reported pretax income of P800.000 for the current year. In the computation of income taxes, the following data were considered: Nontaxable gain 350.000 Depreciation deducted for tax purposes in excess of 50.000 depreciation for book purposes Estimated tax payments during the current year 70.000 Enacted tax rate 30% How much is the current tax liability at year-end? 135.000 65,000 50.000 120.000