The profit before tax, as reported in the income statement of Uwu Corporation for the year ended December 31, 2020, amounted to P1,920,000, including the following revenue and expense items:

• Rent revenue - P450,000
• Unrealized gain on financial assets at fair value through profit or loss - P110,000
• Dividend income - P90,000
• Provision for doubtful accounts - P29,800
• Provision for inventory writedown - P39,800
• Operating expenses - see Items 4 and 5 below
• Interest expense - P100,000

The statements of financial position of Uwu at December 31, 2020 and 2019 showed the following assets and liabilities:

	2020	2019
Assets
Cash and cash equivalents	800,000	510,000
Accounts receivable	1,385,000	1,190,000
Allowance for doubtful accounts	(125,000)	(95,200)
Financial assets at fair value through profit or loss	800,000	690,000
Inventories	750,000	610,000
Allowance for inventory writedown	(82,500)	(42,700)
Land	400,000	250,000
Building	1,450,000	1,450,000
Accumulated depreciation - Building	(217,500)	(145,000)
Machinery and equipment	700,000	480,000
Accumulated depreciation - Machinery and equipment	(310,000)	(192,000)
Deferred tax asset	?	429,480
Liabilities
Accounts payable	521,575	720,000
Accrued operating expenses	553,000	482,000
Unearned rent	675,000	1,125,000
Income tax payable	?	276,000
Loans payable	1,000,000	1,000,000
Deferred tax liability	?	72,600

Additional information:

1. Uwu leased a portion of its building as an office space with Eksdi, Inc. on July 1, 2019 under an operating lease arrangement. Eksdi has already prepaid the entire rent for three years amounting to P1,350,000, or P450,000 annually, on July 1, 2019.
2. Uwu invested in equity instruments that it classified at fair value through profit or loss. The cost of this investment on April 1, 2019 (the date of acquisition) was P500,000. The dividend received is related to this investment.
3. There were no write-offs nor reversals on the allowances for doubtful accounts and inventory writedown during the 2020.
4. 20% of the prepaid operating expenses on December 31, 2019 and 2020 results to a temporary difference, which will reverse the following year.
5. 35% of the accrued operating expenses on December 31, 2019 and 2020 results to a temporary difference, which will reverse the following year.
6. The depreciation for both building, and machinery and equipment are the same for accounting and taxation purposes.
7. The loan was drawn on January 1, 2018, with 10% interest payable every December 31.

Based on the information above, answer the following:

1. What is the balance of income tax payable as of December 31, 2020?
2. What is the balance of deferred tax asset as of December 31, 2020?
3. What is the balance of deferred tax liability as of December 31, 2020?
4. How much is the total provision for (benefit from) income tax for the year ended December 31, 2020?