MED Corp. is engaged in the sale of supplies. It uses the gross method in accounting for its cash discount. Listed below are the transaction for SEPT 2021:

9/2 Purchased 5,000 boxes of face masks at a cost of P215 per box. Payment terms 1/10, n/45; FOB Shipping Point

9/4 Paid trucking firm P10,000 to ship the face masks purchased on Sept 2.

9/5 Purchased additional 6,000 boxes at a cost of P250 per box. Terms of payment: 2/10, n/30

9/7 Returned 1,500 boxes purchased on Sept 2 due to defect.

9/13 Paid the amount due from the Sept 2 purchase.

9/13 Sold 3,000 boxes from those purchased on Sept 2. The selling price was P360 per box. Terms: 3/EOM, n/30.

9/14 Paid the trucking firm P4,000 to ship goods sold on Sept 13, FOB Destination.

9/22 Collected the amount due from the Sept 13 sale.

9/29 Settled the amount due in relation to the Sept 5 transaction

Identify the required below.

1. Net Purchases?

2. Net Sales?