Solve the following problems. Show your solutions. 5 points each. P120,000 Sale of livestock and farm products Cost of Sales: Purchases of livestock Gross income from operations Add: Other income (30,000 + 10,000+ 20,000 + 6,000 + 4,000) Total Gross income (100,000) 20,000 70,000 P 90.000 Marko provided the following data on sale of his personal property sold in 2018 held by him for 15 months: P225,000 270,000 Cost Mortgage assumed by the buyer Installment collection schedule: 2018 2019 2020 67,500 67,500 45,000 1. How much is the selling price? 2. How much is the contract price? 3. How much is the initial payments