Loftus Inc, located in Edmonton, Alberta, sells office furniture to local businesses in Alberta. Their sales have never been in excess of $$400,000$ annually. Alberta does not charge a provincial sales tax, thus the corporation is only charged a $5\%$ GST$.$

Loftus has chosen to file its GST returns on a quarterly basis and has elected to use the quick method to file its GST returns. The following information relates to the first quarter of $2022$: $($See picture attached$)$

REQUIRED

a$)$ Based on the information provided, determine the GST owing $($or refundable$)$ during the first quarter of $2022$ using the Quick Method

b$)$ Based on the information provided, determine the GST owing $($or refundable$)$ during the first quarter of $2022$ assuming the company uses the regular method of calculating GST instead.