(b) TK Ltd. deals in both taxable and non-taxable supplies. The following transactions were extracted from the company's records for the month of September 2020. Sh. '000' Additional Purchases from local market 912,000 information 1. Sales to Sales to local market 1,710,000 the local market include Imports (exclusive of customs duty) 600,000 goods supplied to Marine Export sales South Africa 700,000 Fisheries and Fish Nigeria 350,000 Process Ltd. for Purchase of Lubricants 456,000 Sh. 114,000 2. Goods Restaurant services paid 63,840 purchased at Tax consultancy fees 45,600 standard rate could Printing and stationery 17,100 not be directly 31,920 identified Electricity bills paid from 480,000 Exempt sales exempt sales. Ambulance services 20,000 3. The Audit fees 8,000 company received debit notes 68,400 and credit notes of sh.22,800 and Sh.36,480 respectively from suppliers. 4. The customs duty for imported goods was at 20% 5. The company issued debit notes of Sh.74,100 in respect to sales at standard rate 6. Sales and purchases to and from the local market were inclusive of VAT at the rate of 14% plus other transactions where applicable. 7. A debtor of goods valued at Sh.28,500 was declared bankrupt and a debt relief waiver granted Note: Assume transactions are quoted as inclusive of VAT at the rate of 14%, unless otherwise specified. Required: Assuming that company did have proper records to identify standard purchases sold as exempt sales and therefore restricted deductible input-tax, compute the value added tax payable or refundable for the month of September 2020 (12 marks)