Premiere Corp is a domestic corporation. They provided the following information for the taxable year 2021:

Gross sales	P1,650,000
Cost of sales	500,000
Business expenses	425,000
Rental income (net of 5% CWTs)	308,750
Royalty income books	120,000
Other royalty income Philippines	60,000
Dividend income domestic corporations	40,000
Interest income, BDO QC	100,000
Interest income received from a depository bank under FCDS, Philippines	50,000
Total Creditable withholding tax during the year	65,000
Quarterly tax payments	82,500

How much is the income tax payable of Premiere if their total assets is P60,000,000?