X VAT sales invoice to Y is P123,200. Y sold the same goods to Z at 120% of cost Both X and Y are VAT registered and Z is non-VAT. The correct book entries in the books of Y to record its SALES to Z is A. Cash 147,840 Sales 147,840 B. Cash 132,000 Sales 132,000 C. Cash 16,315.20 Sales 16,315.20 D. Cash 147,840 Sales 132,000 OUTPUT VAT 15,840