Question 2 [18] 2.1 You are provided with the following information relating to Granite Tombstones (Pty) Ltd for the VAT period ended October 2021. The standard VAT rate is 15%. All parties involved are VAT vendors. Transactions for the two- No. Excluding VAT Including month period VAT amount VAT Example Services rendered 1 000 150 1 150 1. Telephone account (a) R117 (b) 2. Interest paid R500 (c) (d) 3. Canned pilchards (e) R200 4. Equipment for the office (9) R978 (h) Required: Calculate the relevant amounts (a) to (h) in the table above. Round off to two decimals were necessary. (8) 2.2 Use the following information to calculate the VAT payable to/refundable from SARS. Work out the output VAT and input VAT where applicable. All amounts are VAT inclusive. Items Amount Output VAT Input VAT Sales invoices R132 854 Cash sales R83 620 Received insurance R18 560 payout Bought new computers R130 000 Inventory purchased R90 000 Credit notes issued R16 320 TOTALS Payable to/(Receivable from) SARS Required: Complete the table by calculating the output VAT and input VAT for the items listed in the table. Indicate whether the final amount is payable to SARS or receivable from SARS. Round off to TWO decimals where applicable