Question: Bridge Corp. operates in Alberta ( a province that does not have PST or HST ) and sells only fully taxable and zero - rated

Bridge Corp. operates in Alberta (a province that does not have PST or HST) and sells only fully taxable and zero-rated supplies. Bridge Corp. reports the following amounts (net of any GST collected or paid) in its financial records for the current year:
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Among the sales, \(\$ 1,005,000\) was fully taxable supplies and the remaining was zero-rated. Purchases of merchandise exceeded Cost of Goods Sold by \(\$ 120,000\), and all merchandise purchased and sold was fully taxable supplies. The purchase of furniture and fixtures used \(70\%\) for fully taxable supplies and \(30\%\) for zero-rated supplies.
Which of the following is the correct amount of GST payable (or refund) for Bridge Corp. in the current year?
A.\$4,000 GST refund
B.\(\$ 3,750\) GST payable
C.\$11,000 GST payable
D.\$1,250 GST refund
Information
Sales
\$ 1,250,000
Cost of Goods Sold
\$ 810,000
Depreciation expense \$ 150,000
Salaries and wages
\$ 270,000
Capital expenditures \$ 100,000
Plz explain me with the detailed solving process to understand and get the answer. Thanks
Bridge Corp. operates in Alberta ( a province

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