An individual reported the following items for the years 2018 and 2019.

2018 2019
Ordinary income P 14,000 P 180,000
Capital transactions:
Long term capital gains 20,000 104,000
Short term capital loss 36,000
Long term capital loss 40,000

Compute the taxable income.

A corporation reported the following items for the years 2018 and 2019.
2018 2019
Ordinary income P 300,000 P 400,000
Capital transactions:
Long term capital gains 80,000 120,000
Long term capital loss 100,000 80,000

Compute the taxable income.

X reported the following income and losses for the years 1 and 2:
Year 1 Year 2
Ordinary taxable income P 60,000 P 180,000
Short-term capital loss 400,000
Long-term capital gains 600,000
Long-term capital loss 100,000
Short-term capital gain 200,000

If X is an individual taxpayer, the year 2 total net income is?

If X is a corporation, the year 2 total net income is?