Question One (40 Marks) Stallion Stampers a resident of the Republic, sells and repairs watches from a shop he leases in a local shopping centre. He is a sole proprietor and is registered for value-added tax on the invoice basis. An analysis of Stallion Stampers receipts and accruals and expenditure for his two-month tax period ending 30 September 2021 is set out below. Unless otherwise stated, all amounts are inclusive of value-added tax when applicable. He makes solely taxable supplies. Additional information: 1. The indemnity award of R51750 was received by Stallion Stampers from his insurer for two expensive watches that were stolen from his shop in June 2020. 2. Bad debts of R13 225 written off by Stallion Stampers, comprising the following: - R10 350 owing by one of his long-standing customers, from a credit sale. This customer has since emigrated and he has been unable to trace her. - R2 875 was lent by him to an employee, who left town without repaying the loan. 3. Depreciation (for the two-month tax period) is charged for the following assets owned Stallion Stampers: 4. Stallion Stampers insurance premiums of R3450 were incurred for the following assets that belong to him: 5. Stallion Stampers purchases of R160245 are made up as follows: Stallion Stampers purchases second-hand watches from both vendors (for example, auctioneers) and from non-vendors (for example, private individuals and deceased estates). He displays and sells second-hand watches in his shop 6. Stallion Stampers rentals of R13 294 are for the following items: 7. Two overseas air tickets costing R5 800 purchased by Stallion Stampers were given to an employee and his wife as part of the employee's salary package. REQUIRED Determine the value-added tax due to, or from, SARS for Stalin Stampers' two-month tax period that ended on 30 September 2021