M Studios (Calgary) Had Retail Sales of $166,465

Multiple Choice

M Studios (Calgary) had retail sales of $166,465.25, including GST, for the last quarter. In the same period M Studios purchased $45,000 worth of supplies and paid $75,000 for store renovations, plus the GST on these goods and services. What GST must be remitted by M Studios (or refunded) for the last quarter?

A) $1,926.92
B) $2,323.26
C) $1,907.10
D) $6,396.35
E) $1,920.29