SPM operates in the tax jurisdiction of B-land where the currency is the B$. B-land requires businesses to use tax depreciation, not accounting depreciation, for tax purposes. B-land's tax rules disallow entertainment costs, legal fees and interest received. The current tax rate is 20%. The following items are included in the financial statements in the current year: Entertaining costs B$30,000. Legal fees B$12,000. Interest received B$25,000. Accounting depreciation P$84,000 (for which tax depreciation in accordance with B-land's tax rules is P$92,000). Accounting profit B$560,000. What is the tax expense posted to the statement of profit or loss for the current year