In 2017, abakada corporation entered into a lease agreement with abc corporation with the following terms: annual rent of office building p 2,100,000 annual rent of warehouse 4,200,000 real property taxes for 2017 225,000 cost of leasehold improvement 1,500,000 estimated useful life - 10 years lease term - 5 years additional information: abakada corporation paid local taxes and licenses of p83,500 for the year. import duties paid for the year - p75,000 quarterly income tax payments (1st to 3rd quarter) - p210,000 1. the amount of deductible rent expense is: select one: a. p0 b. p2,100,000 c. p4,200,000 d. p6,300,000 2. the amount of deductible taxes is: select one: a. p75,000 b. p83,500 c. p383,500 d. p225,000