VAT Exercise Pacific Brown Ltd is a listed company on the Suva Stock Exchange. The company manufactures coconut furniture and is based in Sigatoka. The company exports furniture to overseas customers and also sells locally. During the month of April, the company made $56,731 (VEP) worth of sales which included $23,231 export sales. The company also incurred the following expenses during the period: Expense Glue Varnish Leather cushions Wages Raw Materials Purchases (Coconut Timber) Amount (VEP) $150 $260 $3,258 $12,000 $5,600 Required: Assuming a 9% VAT rate, calculate the VAT refund/payable for Pacific Brown Ltd for the month of April. (Show all working)