Visayan Corporation, a domestic corporation, started its manufacturing operation in 2015. It has the following financial data in the year 2020: Gross sales P 3,000,000 Cost of sales 1,100,000 Sales returns and allowances 60,000 Allowable business deductions 800,000 Interest income on Peso deposits with Z Bank 50,000 Dividends received from Waray Corp, a domestic corporation 20,000 Capital gains on sale of shares of stock of Cebuano Corp, domestic Corp., sold to a direct buyer 90,000 Royalty income on Patent 10,000 The normal tax is