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Please show solution. Thank you! 12. Hinete has the following winnings (losses) during the year: Cockfighting P90,000 13 Philippine Charity Sweepstakes 2,000,000 Lotto (PAGCOR) 1,000,000

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12. Hinete has the following winnings (losses) during the year: Cockfighting P90,000 13 Philippine Charity Sweepstakes 2,000,000 Lotto (PAGCOR) 1,000,000 Horseracing winnings 100,000 Cost of tickets, P1,000 pertains to winning tickets ( 30,000) Billiard losses (400,000) Casino losses (300,000) The business tax on winnings is c. P249,000 a. P9,900. d.P319,000. b.P18,900

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