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Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $785,000 item of

Heliot Company operates its business in State H, which levies a 6 percent sales and use tax. This year, Heliot purchased a $785,000 item of tangible property in State K and paid $23,550 sales tax to the state. It also purchased a $857,000 item of tangible property in State L and paid $53,991 sales tax to the state. Firm H transported both items of property into State H for use in its business.

Required:

Compute the use tax that Heliot owes to State H for the property purchased in State K.

Compute the use tax that Heliot owes to State H for the property purchased in State L.

Compute the use tax that Heliot owes to State H for the property purchased in State K.

Amount
Pre credit use tax
Sales tax paid to State K
Use tax owed to State H

Compute the use tax that Heliot owes to State H for the property purchased in State L.

Amount
Pre credit use tax
Sales tax paid to State L
Use tax owed to State H

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