Section 2 Harmonized Sales Tax (HST) (20 Marks) Bombay Bazaar Furniture Inc. located at Scarborough, Ontario,...

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Section 2 Harmonized Sales Tax (HST) (20 Marks) Bombay Bazaar Furniture Inc. located at Scarborough, Ontario, files HST on a quarterly basis. The sales on which it collected the 13% HST from its customers and the purchases on which it paid the 13% HST to its suppliers in 2017 are listed below. Quarter 1 2 3 4 Sales ($) 389, 000 676,000 776,000 830,000 Purchases ($) 128,000 366,000 428,000 998,000 Required: Determine the HST that Bombay remitted to CRA or CRA refunded to Bombay for each quarter. Section 2 Harmonized Sales Tax (HST) (20 Marks) Bombay Bazaar Furniture Inc. located at Scarborough, Ontario, files HST on a quarterly basis. The sales on which it collected the 13% HST from its customers and the purchases on which it paid the 13% HST to its suppliers in 2017 are listed below. Quarter 1 2 3 4 Sales ($) 389, 000 676,000 776,000 830,000 Purchases ($) 128,000 366,000 428,000 998,000 Required: Determine the HST that Bombay remitted to CRA or CRA refunded to Bombay for each quarter.