The following balances were extracted from the subsidiary joumals of General Spaza Shop as at 28 February 20.2 On 1 February 20.2, the VAT input account had an opening balance of R123 480 and the VAT output account had an opening balance of R185 220. On 1 February 20.2, the VAT input account had an opening balance of R123 480 and the VAT output account had an opening balance of R185220. Calculate the closing balance of the VAT input account as at 28 February 20.2 . Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. For embedded questions spelling is very important. If you spell the answer incorrect it will be marked incorrect. Please make sure that your spelling of the words is correct. 4. Keep the ledger entries strictly according to the information given. GENERAL SPAZA SHOP GENERAL LEDGER Dr VAT input