Snake River Company operates a store in Winnipeg, Manitoba. They purchased inventory from Oak Island Inc. for $22,000 (cost + HST) on account, not for cash directly. Snake pays 10% HST in addition to the cost in Manitoba. (Assume that Manitoba uses the same tax system as Nova Scotia.) Snake then sells the inventory to customers for cash, $50,000 + any HST. Perpetual inventory system is used. Required: (For Snake River Company) a. Record the journal entry for the purchase of inventory. b. Record the journal entry for the sale to customers. (Ignore cost of goods sold' part of entry.) c. Record the payment to the government for HST. d. Assume that all the products sold by Snake River Company are HST exempt. In other words, Snake cannot charge HST to its customers for those products. Record the journal entries for the events in (a) and (b) above