Use the following information for the next four questions: Cincinnati Company has a contract with its CEO to pay him a bonus during each of the years 2020- 2023. The profit before deductions for bonus and income taxes were P9,000,000 in 2020; P10,500,000 in 2021; P13,500,000 in 2022; and P24,000,000 in 2023. The bonus of 15% is deductible for tax purposes in each year. The tax rate is 30%. The 2020 bonus is based on profit before bonus and taxes The 2021 bonus is based on profit after bonus but before taxes The 2022 bonus is based on profit before bonus but after taxes The 2023 bonus is based on profit after bonus and taxes