1 (30 Marks) ABC Ltd carries on business as a manufacturer of stationery from its main branch in the Republic. The following is the receipts and payments for the two month period JUNE and JULY 2023. All amounts include VAT where appropriate. The following information is provided: RECEIPTS RECEIPTS JUNE JULY 1 Cash sales made by the Republic branch to South Africa 185 900 246 750 2 Interest received 25 100 65 200 3 Rental received (letting of residential accommodation) 120 000 4 Insurance payment received on an insurance claim for trading stock stolen in the Republic 55 600 5 Vending machine bought in 2020 for R12 500 to be used at canteen (input tax denied) is sold on 10 JULY 2023 15 000 PAYMENTS Wages and salaries 72 000 72 000 Property rates on business property 9 275 9 275 Bank charges 15 260 8 125 Diesel 7 898 9 564 Raw materials purchased from vendors 123 500 254 652 Purchase of single cab bakkie to be used in delivery 675 000 Finance charges on the new bakkie 16 250 Bad debts 4 500 3 650 Maintenance 9 758 8 759 Telephone 3 650 4 650 Water and Electricity 6 575 7 525 Calculate the VAT payable by or refundable to ABC Ltd in respect of its two-month tax period ended July 2023. (Show detailed workings of how you would deal with each item.) NB: round off your calculations to the nearest Rand. IF NO VAT APPLICABLE, PLEASE STATE REASONS