SECTION 4 - 15 Marks Mr. Discreet owns and operates the No-tell Motel and Apartment Complex located in beautiful downtown Trois Pistole, Quebec. In addition to providing short term and long term accommodations, within the complex, Mr. Discreet also operates a specialized retail store that only sells reasonably priced organically grown fruits, vegetables and other basic groceries. Gross revenues for the year ending December 31, 2020, excluding any, if applicable, GST or the provincial QST, were as follows: Long-term residential apartment rental revenues. Motel daily rate revenues Retail store sales Total Revenues $ 120,000 192,000 288.000 $ 600,000 Mr. Discreet incurred the following expenditures during the year. These amounts exclude any applicable GST, HST or QST that may or may not have been charged or paid. Real estate taxes (for the entire complex) Employee salaries (for the motel business only) Basic grocery purchases for the year (only $75,000 was sold) Legal fees incurred to evict an apartment tenant Advertising only in a Motel directory Electricity & telephone just for the motel and store premises Audio/visual entertainment equipment only for the motel rooms New stoves & refrigerators only for the apartment units Membership at local golf club to seek out new business opportunities Golf club entertainment of potential suppliers just for the motel business Plumbing costs (for the apartment units only) Depreciation ($100,000 for the building and $20,000 for the motel equipment) Security services (for the entire complex) Office supplies (for the entire complex) 15,000 30,000 100,000 2,000 1,500 3,000 5,000 4,000 2,500 400 3,500 120,000 2.700 1,270 Required: Prepare a concise point form schedule that calculates the total GST payable or refund) for the year 2020 (round up to a dollar). You must show the details of all your calculations. For full marks, you must even identify all the items that had no impact on the GST calculations and briefly explain why these items had a nil a value for GST purposes. SECTION 4 - 15 Marks Mr. Discreet owns and operates the No-tell Motel and Apartment Complex located in beautiful downtown Trois Pistole, Quebec. In addition to providing short term and long term accommodations, within the complex, Mr. Discreet also operates a specialized retail store that only sells reasonably priced organically grown fruits, vegetables and other basic groceries. Gross revenues for the year ending December 31, 2020, excluding any, if applicable, GST or the provincial QST, were as follows: Long-term residential apartment rental revenues. Motel daily rate revenues Retail store sales Total Revenues $ 120,000 192,000 288.000 $ 600,000 Mr. Discreet incurred the following expenditures during the year. These amounts exclude any applicable GST, HST or QST that may or may not have been charged or paid. Real estate taxes (for the entire complex) Employee salaries (for the motel business only) Basic grocery purchases for the year (only $75,000 was sold) Legal fees incurred to evict an apartment tenant Advertising only in a Motel directory Electricity & telephone just for the motel and store premises Audio/visual entertainment equipment only for the motel rooms New stoves & refrigerators only for the apartment units Membership at local golf club to seek out new business opportunities Golf club entertainment of potential suppliers just for the motel business Plumbing costs (for the apartment units only) Depreciation ($100,000 for the building and $20,000 for the motel equipment) Security services (for the entire complex) Office supplies (for the entire complex) 15,000 30,000 100,000 2,000 1,500 3,000 5,000 4,000 2,500 400 3,500 120,000 2.700 1,270 Required: Prepare a concise point form schedule that calculates the total GST payable or refund) for the year 2020 (round up to a dollar). You must show the details of all your calculations. For full marks, you must even identify all the items that had no impact on the GST calculations and briefly explain why these items had a nil a value for GST purposes