The taxpayer is engaged in business with the following data for taxable year 2021, the first year of operation:

Sales	P15,000,000
Rent income	100,000
Capital gain on sale of real property classified as capital asset	200,000
Cost of sales	4,000,000
Business expenses	1,000,000

If the taxpayer is a domestic corporation claiming optional standard deduction,

the corporate income tax is

Group of answer choices

P1,695,000

P2,525,000

P2,525,000

P1,665,000