1. On January 1, 20X0 ABC Ltd. owed the government GST of $320. During 20X1, the company was subject to a GST rate of 7% and had sales before considering GST of $320,000. The company can deduct any GST it pays on taxable purchases at 7%. These purchases in 20X1 were $200,000 before considering GST. At the end of 20X0, the company had owed the government GST of $420. What is the net GST amount that the company paid to the government in 20X1?

2. XYZ Ltd., which uses IFRS, operates a coffee shop and began a promotion to increase the sales of its dark roast coffee in December 20X0. Every time that a customer buys a cup of this type of coffee for $4.00 each in December, the customer gets a coupon for 1 free mini cookie that usually sells for $.40 each and costs the company $.20 to produce. Customers cannot use or redeem the coupons until January 20X1. In December 20X1, the company sold 4,800 cups of dark roast coffee. Management expects customers will redeem 75% of the coupons based on many promotions like this that the company has had in the past. What is the sales revenue for the dark roast coffee in the month of December 20X0?

3. JIG Ltd. has been accruing an estimate of its 20X0 property taxes of $1000 each month since it commenced operations in January 20X0 (a total of six months). In early July, the company received and paid its property tax notice for the calendar year ending December 31, 20X1 for $9,600. What is the company's prepaid property tax balance at the end of its fiscal year November 30, 20X0?