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Instructions: Respond to the questions below. 1. XYZ Clothing store has registered and filed for the Quick Method of reporting their GST/HST return. They are

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Instructions: Respond to the questions below. 1. XYZ Clothing store has registered and filed for the Quick Method of reporting their GST/HST return. They are a quarterly filer and are registered in Ontario. 2020 sales including HST per quarter were $79,000 for Q1, $119,000 for Q2, $129,000 for Q3 and $71,000 for 04. Their supplies were made in a participating province with the rate of 4.4%. In Q1 of 2021 their sales were $64,000 including GST/HST and they paid $8,800.00 in GST/HST on goods. Does XYZ Clothing store still qualify to use the quick method given the new information regarding sales of $64,000 in Q1 of 2021? Prepare a Quick Return for Q1 of 2021 based on the above information. An excel spreadsheet has been provided for you in Lesson 9 to fill in. Please provide the values for lines: 101, 105, 108, 109 and either 114 or 115 depending on your

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