?

Ivan, vat registered real estate dealer sold a residential lot on October 2018.
The following information was made available on the terms of the sale:

Gross selling price - P3,000,000
Initial payments consisting of down payment and installments in the year of sale - 900,000
Balance to be paid in equal installments of P700,000 - 2,100,000
starting January 2019
The zonal value of the residential lot was P2,800,000

How much was the output tax due on October 2018?