Conan's Comics is an unincorporated business owned by Conan Barbarian. All of its operations are located in Newfoundland. The HST rate in that province is 15 percent.

The business is an HST registrant that sells both fully taxable and zero-rated goods. In addition, Conan's Comics provides exempt services. The business is an annual filer for HST purposes.

The Income Statement for the current year is as follows. All amounts are before the addition of applicable HST.

Revenues:

Fully Taxable Goods $643,431

Zero-Rated Goods 311,412

Exempt Services 416,253 $1,371,096

Less Expenses:

Cost Of Fully Taxable Goods Sold ($489,567)

Cost Of Zero-Rated Goods Sold ( 203,642)

Amortization ( 106,911)

Salaries And Wages ( 62,435)

interest Expense ( 16,243)

Other Operating Expenses ( 28,968) ( 907,766)

Income Before Taxes $ 463,330

Less: Federal And Provincial Income Taxes ( 157,243)

Net Income $ 306,087

Other Information:

1. Inventories of fully taxable goods decreased by $24,650 during this period, while inventories of zero-rated goods increased by $19,243. The zero-rated sales were generated by purchasing and selling zero-rated supplies.

2. Capital expenditures for this period amounted to $1,950,000, with HST being paid on all amounts. Of this total, $1,260,000 was for a building that will be used 35 percent for the provision of fully taxable supplies and 25 percent for the provision of zero-rated supplies. The remaining $690,000 was for equipment that will be used 38 percent in the provision of fully taxable supplies and 27 percent for the provision of zero-rated supplies. HST was paid on the acquisition of all assets on which amortization is being taken during this period.

3. Of the Other Operating Expenses, 62 percent were related to the provision of fully taxable supplies and 24 percent to the provision of zero-rated supplies.

4. Of the Salaries And Wages, 65 percent were paid to employees involved in providing exempt supplies.

Required: 

Calculate the net HST payable or refund that Conan's Comics will remit or receive for the current year.