Pls. Answer the fill-in the blanks items. Round-off your final answers to the nearest peso.

PROBLEM:

TK company had the following summary of its operation SALE Services Goods Gross Receipts P4,000,000 Net Sales P6,000,000 Direct costs of services 2,500,000 Cost of Goods Sold 3,000,000 Other deductible expenses 1,000,000 1,500,000 Net income before EAR expenses 500,000 1,500,000 Entertainment expense incurred for Suppliers/ Clients customers Duly receipted under affluent P 72,000 P28,000 Various receipts with no name 20,000 30,000 Compute for the deductible EAR expenses. P