QUFSTION 4-SALFSTAX-19 MARKS The Center for Coastal Studies Souvenir Shop Corporation is a retail store that uses the perpetual inventory system. A HST rate of 15 pereent is applicable to all sales and purchases. Record the following transactions, with explanations, for The Center for Coastal Studies Souvenir Shop Corporation for 2022. Show all calculations. Jan. 4. Purchased equipment for $20,000 plus HST, signing a three-month, 10 percent note payable. 10. Purchased merchandise for resale costing $14,000 plus HST on account. 31 Recorded the month's cash sales of $180,000 (cost is $150,000 ) plus HST. 31 Paid the monthly income tax instalment of $4,200. This amount had been previously accrued. Feb. 7 Remit January's HST to the Receiver General