Question 4 (5 marks) Discuss, in detail, how a business in BC handles GST and PST. As an example, assume the business has purchased $2,000 of fully taxable oods and sold them for $3,000. Discuss all relevant sales tax elements relating to the purchase and the sale. Question 5 (5 marks) Discuss, in detail, what would happen if a new partnership of two people realized a loss in its first year. Assume that both partners had the same salary allowance, but Partner A had initially invested twice as much as Partner B (no interest allowance has been agreed upon)