The following are selected transactions of Swifty Department Store Ltd. (SDSL) for the current year ended December 31. SDSL is a private company operating in the province of Manitoba, where PST is 7% and GST is 5% SDSL follows ASPE and has a periodic inventory system. 1. 2 3. 4. 5. 6. On February 2. SDSL placed an order to buy goods for resale from Hashmani Limited for $48.000 plus GST. Terms of purchase are f.o.b. destination, net 15. The goods arrived February 6 and the invoice was paid on February 20. (Hint: Inventory for resale is purchased PST-exempt.) On April 1, SDSL purchased a truck for $45,000 from Schuler Motors Limited, paying $9,900 cash and signing a one-year, 8% note for the balance of the purchase price. Provincial sales tax of 8% and GST of 5% were charged by the supplier on the purchase price. On May 1. SDSL borrowed $71,000 from First Provincial Bank by signing a $82.100 non-interest-bearing note due one year from May 1. On June 30 and December 31, SDSL remitted cheques for $18,700 each as instalments on its current year tax liability. On August 14, SDSL's board of directors declared a $19,000 cash dividend that was payable on September 10 to shareholders of record on August 31 On December 5, SDSL received $1.300 from Jefferson Ltd. as a deposit on a trailer that Jefferson is using for an office move. The deposit is to be returned to Jefferson after it returns the trailer in good condition on January 15. (Hint: Use the account ING