In an effort to increase revenues, Seneca College has decided to install 100,000 gasoline refueling pumps throughout all of its Ontario campuses. Due to its' large volume purchases price reductions, Seneca College intends to sell the gasoline to students at a price lower than that available at mainstream service stations. The purchase order for the 100,000 gasoline dispensing pumps was issued on June 30th,2022. The pumps arrived in Canada on August 1, 2022 The construction of the new refueling stations had been postponed due to labor unrest. As a result, the Seneca College Customs Department placed the 100,000 pumps in a bonded warehouse using a type 10B3. Additional Information: Cost per unit: $750.00 USD Exchange rate: $1 USD =$1.36CAD GST Rate: standard 8413.11 .1000 Pumps for liquids, whether fitted with a measuring device; liquid elevators. - Pumps fitted or designed to be fitted with a measuring device: - Pumps for dispensing fuel or lubricants, of the type used in filling-stations or in garages - For dispensing gasoline, diesel fuel, liquid natural gas or liquid propane - NMB 6% (1)Complete the necessary financial calculations that would have been done in order to complete a type 10B3 and place the 100,000 pumps into a bonded warehouse facility. All calculations must be shown for full marks. (6) VFCC- VFD- CD- VFT- GST- TDTP Jan.10/2023 has arrived and you now need to remove 45,000 of the gasoline dispensing pumps from the bonded warehouse. (2) On the B3 type 20 form below, please complete all required fields