CASE 5-5pts Ming Ming was registered under the VAT system on January 1 of the current year. Her records during the month show: P50,000 Value of inventory as of December of last year purchased from VAT- registered persons VAT paid Value of inventory as of December of last year purchased from non-VAT persons Sales, net of VAT Purchases, net of VAT 5,000 60,000 200,000 70,000 Required: Compute for the VAT payable