During 2019 Magico Inc., a Ontario CCPC, made the following transactions:

(Net of HST)

Amount

Taxable supplies in Ontario $ 300,000

Taxable supplies exported 100,000

Supplies purchased from a HST registrant (30,000)

Salary expenses (70,000)

Interest expenses (20,000)

$ 280,000

The company uses the long form method to calculate its HST liability.

Required:

Insert your answers to the following questions in the space provided:

1.The gross amount of HST payable on taxable supplies for 2019 before claiming

any input tax credits is $ ________

2.Total input credits allowable for HST purposes for 2019 are $ ___________