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Lori Ramos operates a small retail kiosk in a mall located in Vancouver, British Columbia. She has opted to use the quick method for preparing

Lori Ramos operates a small retail kiosk in a mall located in Vancouver, British Columbia. She has opted to use the quick method for preparing her GST returns. Her financial results for her latest reporting period (excluding 5% GST) are as follows:
Sales $200,000
Inventory Purchases $70,000
Employee Salaries $23,000
Interest on line of credit $15,000
Rent $18,000
Leasehold improvements $12,000
Determine Lori's GST owing or refund for the year using the quick method. The remittance rate is 1.8%.

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