A VAT taxpayer had the following data on its operations for the month of January 2018:

Sales, total invoice price P 592,480

Purchases of goods, VAT not included:

From VAT registered persons 100,000

From nonVAT registered persons 8,000

From persons subject to percentage taxes 10,000

Salaries of employees 60,000

Other operating expenses 12,000

This is the first month of being liable to value added tax. Data in inventories at the beginning of the period bought from VAT registered persons follow:

Inventory at cost P 44,800

Inventory at realizable value 49,000

Value added tax paid on beginning inventory 4,800

1. How much is the input tax?
2. How much is the value added tax payable?