LQ Corporation, a corporation engaged in business in the Philippines and abroad which is on its 3^rd year of operations, has the following data in 2019:
Gross Income, Philippines P 1,000,000
Expenses, Philippines 700,000
Gross Income, China 500,000
Expenses, China 350,000
Interest on peso bank deposit 50,000
Interest from Foreign Currency Deposit 80,000
Royalties from books 75,000
Dividend income from another domestic corp. 100,000
Income tax paid in China 60,000

Additional information:

· The corporation sold its stocks in a domestic corporation directly to the buyer for P240,000. The cost of such shares is P80,000.
· It sold a vacant lot, booked as investment property held for capital appreciation, for P2,800,000. Fair market value per tax declaration is P3,000,000 while zonal value is P3,300,000. The lot was acquired for P1,500,000.

How much is the income tax payable if the corporation is resident foreign? ___________