Bestomers 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 And Wages ( 19,000)

Operating Costs ( 14,500)

Interest On Demand Loan ( 600)

Interest On Mortgage ( 1,100)

Amortization Expense ( 10,000)

Income Taxes ( 2,000) ( 59,200)

Net Income $ 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 Bestomers Best Balloons will remit or receive for the current year.