P6.3. Chapter Exercises -Partnerships Villamin and Francis are partners in a commercial partnership, with a profit and loss ratio of 3:6. In 2021, the following data were provided: PARTNERSHIP: Gross revenue from sale of services Direct cost of services Business Expenses Rental Income in business assets (net of tax) Interest Income on peso bank deposits Interest income on U.S. $ deposits under the expanded foreign currency deposit system Capital gain on sale of real property classified as capital asset located in Q.C. Selling Price-P20M; FMV-25M; Cost-17M Quarterly tax payments PARTNERS: P35,000,000 15,000,000 7,000,000 1,425,000 200,000 500,000 3,000,000 750,000 Dividend Income from a resident foreign P120,500 corporation earned by Villamin Dividend Income from a domestic corporation 85,000 earned by Francis Royalty Income from Philippines earned by 35,000 Francis Capital gain by Francis on sale of shares of 120,000 stock of a domestic corporation Selling Price-P300,000; FMV-300,000; E Cost-180,000 Gross income from a sole-proprietorship 925,000 business of Villamin MOS Allowable business expenses of Villamin Quarterly tax payments 670,000 12,500 Required: Determine the following: 1. Income tax payable of the partnership 2. Income tax payable of Villamin 3. Income tax payable of Francis 4. Final tax on passive income of the partnership 5. Final tax on passive income of Villamin Colter 6. Final tax on passive income of Francis 7. Capital gains tax of the partnership 8. Capital gains tax of Villamin 9. Capital gains tax of Francis ever to qu