S.Smyth is the owner of Millenis CC trading as Mellinus. The business is a registered VAT vendor and accounts for VAT on the invoice basis. You have been supplied with the following information for the November/December 2021 VAT period. Assume a standard VAT rate of 14%. All amounts include VAT unless VAT is not applicable. Transactions with non-vendors are indicated with an asterisk (*). Assume that all vendors have submitted valid source documents in accordance with the VAT Act (where applicable). Cheques issued: Debits on the bank statement: - Debit order for insurance expense, R59654.17. - Debit order for Telephone expense, R 98760.79. - Debit order for Life Insurance, R 29 164.26. - Stop order/EFT tor Gym tees, R 132.56. Credits on the bank statement: - Direct credit for cash sales, R 1259 365.79. - Received R 5965.42 from J.Mason in part payment of his account (no discount). Receipts not included above: - On 06 December 2021, an amount of R 729106.51, was transterred from Belgium for goods, which were sold and transported to a registered business in that country. - On 05 December 2021 an original cash invoice was issued for Service income, R16570.60. - On 19 December 2021 an Equipment was sold for cash, R 75164.25. - On 26 December 2021 the business received an Insurance payout on stock damaged, R103135.43 Other transactions - Bad debts/credit losses written oft, R 343210.32. - Credit notes issued (on standard-rated goods previously sold), R 115.50. - On 31 December 2021 S.Smyth passed a journal entry for interest on the overdue account of a debtor, A.Gattney for R 33 141.21. - On 18 December 2021 G.Mclaren purchased goods from Millenis CC for R 265129.64 on credit. The amount was still outstanding on 25 January 2014. Required: Calculate the total input and output VAT which S.Smyth can claim or account for on the above mentioned transactions for November/December 2021. In your answer, please indicate the VAT implication of each line item, even it the particular answer is R nil. S.Smyth is the owner of Millenis CC trading as Mellinus. The business is a registered VAT vendor and accounts for VAT on the invoice basis. You have been supplied with the following information for the November/December 2021 VAT period. Assume a standard VAT rate of 14%. All amounts include VAT unless VAT is not applicable. Transactions with non-vendors are indicated with an asterisk (*). Assume that all vendors have submitted valid source documents in accordance with the VAT Act (where applicable). Cheques issued: Debits on the bank statement: - Debit order for insurance expense, R59654.17. - Debit order for Telephone expense, R 98760.79. - Debit order for Life Insurance, R 29 164.26. - Stop order/EFT tor Gym tees, R 132.56. Credits on the bank statement: - Direct credit for cash sales, R 1259 365.79. - Received R 5965.42 from J.Mason in part payment of his account (no discount). Receipts not included above: - On 06 December 2021, an amount of R 729106.51, was transterred from Belgium for goods, which were sold and transported to a registered business in that country. - On 05 December 2021 an original cash invoice was issued for Service income, R16570.60. - On 19 December 2021 an Equipment was sold for cash, R 75164.25. - On 26 December 2021 the business received an Insurance payout on stock damaged, R103135.43 Other transactions - Bad debts/credit losses written oft, R 343210.32. - Credit notes issued (on standard-rated goods previously sold), R 115.50. - On 31 December 2021 S.Smyth passed a journal entry for interest on the overdue account of a debtor, A.Gattney for R 33 141.21. - On 18 December 2021 G.Mclaren purchased goods from Millenis CC for R 265129.64 on credit. The amount was still outstanding on 25 January 2014. Required: Calculate the total input and output VAT which S.Smyth can claim or account for on the above mentioned transactions for November/December 2021. In your answer, please indicate the VAT implication of each line item, even it the particular answer is R nil