What is the GST Payable$/$Refund here?Other Information

Sales included $$1,220,000$ in exempt supplies, $$2,390,000$ in zero$-$rated

supplies, and $$2,130,000$ in fully taxable supplies.

None of the cost of goods sold are attributable to exempt supplies. Purchases

of inventory totalled $$2,380,000.$ GST was paid on all purchased goods.

Two capital expenditures were made in the current year. The first was a

building purchased for $$3,050,000,$ and the second for equipment purchased

for $$960,000.$ Fully taxable and zero$-$rated supplies account for $35\%$ of the

use of the building, and $65\%$ is attributable to exempt supplies. Fully taxable

and zero$-$rated supplies account for $30\%$ of the use of the equipment, and

$70\%$ is attributable to exempt supplies. GST was paid on the purchase of the

building and the equipment. All the depreciation expense relates to these two

capital expenditures.

The "other expenses" are all attributable to fully taxable supplies. $$37,000$ of

the other expenses are for meals of employees while travelling for business

purposes. Only $50\%$ of these expenses are deductible for income tax

purposes $($ITA $67\mathrm{.}1).$

Of the salaries and wages, $45\%$ are attributable to exempt supplies.