1. Tim Corp.has the following sales during the 1^st quarter of 2022:

Sales Traceable Input VAT

Sale to private entities P 2,500,000 P 120,000

Sale of Exempt Goods 1,500,000 40,000

Sale to government 1,000,000 60,000

Total P 5,000,000 P 220,000

In addition, total input tax on the purchase of depreciable capital goods at the start of the quarter amounting to P160,000 was not directly attributable to any of the above sales. It has a useful life of 7 years. Also, VAT of P30,000 was remitted to the BIR during the first two months of the quarter.How much is the VAT still payable?