Bestomer's Best Balloons is a proprietorship, operating only in Alberta, that is registered to file GST tax returns on an annual basis.Alberta does not participate in the HST program and does not have a provincial sales tax.

The following is a summary of the financial statement information for the current year.All amounts are presented without the inclusion of applicable GST.

Sales$69,000

Less Expenses:

Cost Of Goods Sold($12,000)

Salaries AndWages( 19,000)

OperatingCosts( 14,500)

Interest On DemandLoan(600)

Interest OnMortgage(1,100)

AmortizationExpense( 10,000)

IncomeTaxes(2,000)( 59,200)

NetIncome$ 9,800

GST was paid on purchases of balloons and all operating costs.The inventory of balloons at the end of the year was $4,000.The corresponding figure at the beginning of the year was $3,000.

Required:Calculate the net GST payable or refund that Bestomer's Best Balloons will remit or receive for the current year