Problem 5 The following were transactions, VAT not included in each of: 1st month 2nd month 3rd month Sales Purchases from VAT Suppliers 00,000 P1,000,000 P1,200,000 P1,200,000 P600,000 P2,000,000 P8 How much was the VAT payable for: The first month? The second month? At the end of the quarter? Problem 6 Mr. A is in the trading business. On June 2, 20A, he purchased an office equipment with a useful life of three years for P950,000, VAT not included. How much was the input tax