Philippine tax*

The taxpayer had the following data at the end of the current year: Total Assets, excluding land - P60 million Philippines South Korea INCOME Sales P15,000,000 P5,000,000 Rentals 600,000 0 Interest from Peso bank deposit 40,000 O Interest from FC bank deposit 30,000 50,000 Royalties from patents Dividends from domestic corporation 100,000 150,000 100,000 O COSTS & EXPENSES Cost of goods sold 6,000,000 2,000,000 Salaries & wages 4,000,000 2,500,000 Interest expense Other operating expenses 600,000 0 1,200,000 800,000 Assuming that the taxpayer is a domestic corporation claiming optional standard deduction, how much is the income tax due for the year