ALLOCATION OF INPUT TAXES 1. The taxpayer has a VAT and non-VAT business: VAT transactions, VAT not included: Sales, Vat business P800,000 Sales, non-VAT business 200,00 Purchases from VAT suppliers: Of goods for sale in the VAT business 300,000 Of goods for sale in the non-VAT business 88,000 Of supplies for use of both VAT and non-VAT 2,000 business Other operating expenses: VAT business Non-VAT business 300,000 60,000 VAT payable? a. P60,000 b. P59,908 c. 59,720 d. Some other amount Net income for the period? a. P252,000 b. P250,192 c. P265,300 d. Some other amount