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Required: Complete the Business Activity Statement for Fishy Shop using the information given above. Record your answers in Business Activity Statement (extract) provided. (3 marks)

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Required: Complete the Business Activity Statement for Fishy Shop using the information given above. Record your answers in Business Activity Statement (extract) provided. (3 marks) Summary Amounts you owe the ATO Amounts the ATO owes you GST on sales or GST instalment 1A S GST on purchases 1B $ 4 .Da Do not complete 1B if using GST instalment amount (Option 3) PAYG tax withheld $ PAYG income tax installment 5A $ DO Credit from PAYG income tax instalment variation 5B $ .De Deferred company/fund installment 7 $ .DO 1A +4+54 +7 8A $ .Da 18 + 58 8B $ J.DQ Payment or refund? Is 8A more than 8B? Yes, then write the result of 8A minus 8B at 9. This amount is Your payment or refund amount payable to the ATO. (indicate with X) 9 S No. then write the result of 8B minus 8A at 9. This amount is refundable to you (or offset against any other tax debt you have). ) Do not use symbols such as +, -, /, $

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