Problem 11. Certain business establishments furnished us their business data in April of the taxable year 2013 as follows: Merchants Dealer in Securities Lending Investor Gross sales P 291,500 175,900 Collection rates 85% 70% Remarks Vat included Vat Excluded Bank Finance Company Broker Restaurant/ Caterer Hotel, Motel, Resort Dealer/distributor of goods Producer/Manufacturerof articles 1,074,150 P 150,860 132,500 09415,000 1,250,000 356,400 1,792,600 65% 75% 90% 95% 60% 68% 76% 85% 75% 80% 95% Contractor 165,000 845,000 Life Insurance Company Beauty Saloon/Hair SPA Operator of Taxis/ Busses 132,000 345,800 Required: Compute for the business taxes due for each merchant. Net oftaxt Gross of vat Before vat After vat Vat exclusive Vat inclusive Vat excluded Vat inclusive tax exclusive Vat included Tax excluded