Scuba Gear (Pty) Ltd (Scuba Gear), a resident of the Republic of South Africa, Isa registered category A vendor who makes 92% taxable supplies. The company operates as a retailer from its Head Office in South Africa but also has a depot in Namibia from where sales are made to Namibian customers. The depot in Namibia is not regarded as an independent branch. Scuba Gear's Income and expenses, including VAT at a rate of 15% where applicable, for the two-month VAT perlod ending 31 March 2023 were as follows Income Local cash sales Foreign cash sales Interest Indemnity award Expenses Trading stock purchases Telephone Salaries Rates and taxes Purchase of a new motor car Fuel Electricity and water Entertainment Bank charges Notes 1 2 3 4 5 6 7 February 2023 (R) 522 790 135 000 2645 247 250 1472 172 500 5750 10 235 4140 3011 2093 March 2023 (R) 500 050 117 300 2 990 21 275 257 600 1.495 172 500 5 565 445 500 10 925 4 255 2 323 Notes: 1. Local cash sales represent sales to local customers from Souba Gear's Head Office in South Africa. 2. Foreign cash sales represent sales to customers in Namibia from Scuba Gear's depot in Namibia 3. Interest eamed on a favourable bank balance with a bank in South Africa. HTAX331-1-lan-June2003-SA3-ELK-VS-12122022 4. Scuba Gear received an Indemnity award on 3 March 2023 for an insurance claim for trading stock stolen in transit to a local customer. Show all your calculations and round your answers to the nearest rand. 5. Scuba Gear purchased a new motor car on 1 February 2023 for R445 500 which was given to the Sales Manager as a fringe benefit from the date of purchase. All costs relating to the motor car are paid by Scuba Gear. 6. Potential customers in the Western Cape were entertained at various local restaurants 7. Bank charges are made up of the following costs: Admin costs of R575 per month. Internet banking fees of R135 per month. Interest on an overdraft facility of R1 300 and R1 610 for February and March respectively. REQUIRED: Calculate the net value-added tax payable to or owed by SARS for the two-month VAT period, ending 31 March 2023, of Scuba Gear (Pty) Ltd (40 marks)