This is Philippine Tax

ABC Corp., a domestic corporation, with total assets of P10 million, excluding the land, has the following data for 2021, its first year of operations: P4,000,000 40,000 400,000 Gross profit from sales Dividend from domestic corporation Capital gain on sale of land in the Philippines (sold for P2 million) Capital gain on sale of domestic stocks (direct to the buyer) Operating expenses 240,000 2,200,000 The total amount of capital gains tax is O P156,000 O P147,000 OP57,000