PROBLEM 1: The following are the data of Davao International for the last quarter of 2023: Sales up to Dec. 15 (gross of VAT) Purchases up to Dec. 15 (net of VAT) P380,800.00 150,000.00 Additional information. On December 16, 2023, the Company retired from its business and the inventory valued at P190,000.00 remained unsold. There is a deferred input tax from the third quarter of P3,500. Question 1: How much is the total value added taxes payable of Davao International? (5 points) Answer 1: PROBLEM 2: Genson Distribution Inc., a VAT taxpayer, had the following data in a month. Cash sales Open account sales Consignment: P 200,000.00 500,000.00 0 to 30 days old (on which there were remittances from consignees P 600,000.00 of P200,000.00) 31 to 60 days old 61 days old and above 700,000.00 900,000.00 Question 2: How much is the output tax? (10 points) PROBLEM 3: ABC Corporation (VAT registered) has the following data for the month of March: Gross Sales (VAT exclusive) Sales Returns Goods shipped on consignment (net) P 8,000,000.00 400,000.00 Units March 25 40 February 14 30 January 8 20 Goods withdrawn for use by the company Goods taken as payment to creditor P50,000.00 30,000.00 Purchases for the month of (net of VAT).. Goods 600,000.00 Supplies Unit Price P 10,000.00 10,000.00 10,000.00 75,000.00 Capital goods (Life: 4 years) = 1,100,000.00 Freight and insurance = 8,500.00 Salaries of employees = 385,000.00 Additional information: Received cash representing payment for ten (10) units delivered on February 14. The amount received was net of ten percent (10%) commission. A consignee reported and remitted P200,000 (gross of 10% commission) representing 20 units sold from goods consigned in March. Question 3: The VAT payable for the month of March shall be: (15 points) Answer 3: