The activity statement allows a business to calculate obligations, allowing a single payment or refund for each reporting/ payment period, across the taxes. For example, if in a quarterly reportingf payment period, a business had: 0 A GET credit of $15,000 0 A PAYG instalment liability of $6,000 0 A PAYG withholding liability of $1,500, and 0 An FBT liability of $1,000 Would the business need to make any payments? Discuss in 80-100 words