Taxation is in Philippines.

The College of Maasin, a proprietary educational institution is already in its 35 years of operations. It has the following selected information for the taxable year 2018: Tuition fees 7,600,000.00 Miscellaneous fees 2,400,000.00 Interest on Landbank deposits (net) 15,000.00 Interest on dollar deposits under FCDS-foreign currency deposit system (net) 11,100.00 Rent income 3,250,000.00 Dividend income from a domestic corporation 80,000.00 Direct Cost of services (including CAPEX -capital expenditures for newly built school building) 4,500,000.00 Capital gain on sale of shares of a domestic corporation directly to a buyer 125,000.00 Other operating expenses 8,250,000.00 Quarterly income tax payments 25,000.00 Additional information: Additional school building was built and finished on April 1, 2018 at a cost of P2,000,000 with a depreciable life of 20 yrs REQUIRED: 1. How much is the income tax payable assuming CM opted to claim the cost of construction as an outright expense? 2. How much is the income tax payable assuming CM opted to capitalize the cost of building construction