PHILIPPINE TAXATION 2020 (TRAIN LAW) (REFER TO THE PHOTO BELOW)

ABC corporation, domestic has the following data in 2021: Gross business income P500,000; Operating expenses P100,000; Interest on bank deposit, BPI- Baguio, P50,000; Yield from deposit substitute, Baguio, for P20,000; Dividend from resident foreign corporation (60% of business in the Philippines) for P100,000. The following information are dealing in properties: A. REAL PROPERTIES LAND VACANT LOT Selling Price 200,000 500,000 Cost (2014) 50,000 200,000 Down payment (2016) 200,000 100,000 Installment (2017) 150,000 Installment (2018) 250,000 B. PERSONAL PROPERTIES CAR (CAPITAL ASSET) OFFICE EQUIPMENT Selling Price 150,000 200,000 Cost (2017) 80,000 120,000 Accumulated Depreciation 80,000 Down payment (2019) 30,000 50,000 Installment (2020) 50,000 75,000 Installment (2021) 70,000 75,000 C. SHARES OF STOCK UNLISTED Selling Price 150,000 Cost (2017) 10,000 Down payment (2019) 30,000 Installment (2020) 50,000 Installment (2021) 70,000