George Godhi has a sole proprietorship called Godhi Sports. It has no associated business and files its sales tax return on an annual basis. The Income Statement for the current year is as follows (all amounts are shown before applicable GST/HST amounts): Revenues: Fully Taxable Goods $250000 88000 Exempt Services $338000 Less Expenses: Cost Of Goods Sold (All Taxable) Amortization Expense ($130000) ( 20000) Salaries And Wages ( 23000) Rent ( 25000) (51000) Interest Expense Other Operating Expenses 20000) (269000) Income Before Taxes Income Before Taxes $ 69000 Less: Federal And Provincial Income Taxes ( 14000) Net Income $ 55000 Other Information: 1. Godhi Sports had no beginning inventory balance while ending inventory balance totalled $11050. 2. A capital expenditure was made during the year at an GST/HST inclusive cost of $60000. The expenditure was for equipment that will be used 60 percent for the provision of fully taxable goods. GST/HST was paid on the acquisition of all assets on which amortization is being taken during this period. All of the Other Operating Expenses involved the acquisition of fully taxable supplies and were acquired to assist in the provision of fully taxable supplies. 4. The rent was not subject to GST/HST as it was paid to a non-registrant. The proportion of the leased property that is non-registrant. The proportion of the leased property that is used for the provision of exempt services is 20 percent. Required: Calculate the net GST/HST payable or refund based on the 2 respective scenarios below: Scenario A: Assume Godhi Sports is located in Alberta (5% GST). Calculate the net GST payable or refund to be remitted for the current year using the regular method. Scenario B: Assume Godhi Sports is located on Ontario (13% HST). Calculate the net HST payable or refund to be remitted for the current year using the simplified input tax credit method. Assume all revenue earned and expenses incurred within the province. Ignore any PST considerations. Note, you may submit your answer via the textbox provided below OR upload your handwritten work with the link provided