Paragraph Styles Given the following data during the calendar year (2020), determine the taxable income assuming the taxpayer is a domestic corporation. Business Income 800,000 Business expense 500,000 Capital gain on sale of bonds held for 2 months 70,000 Capital gain on direct sale to buyer of shares of 150,000 domestic corporation held for six months Capital loss on sale of a car held for 2 years 10,000 Capital loss on sale of land in the Philippines held 100,000 for 2 years Capital loss in 2019 (net taxable in 2019 was 200,000 P50,000) OO HUAWEI P40 Pro EG Ultra Vision LEICA Quad Camera