Using a Business activity statement from ATO You are required to apply to correct GST code against thefollowing business balances for the period January to March; the company uses the accrual basis whenaccounting for GST. All of these amounts include GST if applicable.Account Total amount$BAS codeSales invoiced (inc. GST)Sales 370000Exports 65000Other GST-free sales 16800Purchase invoices (inc. GST)Assets purchased 60700Purchase of materials 115200General journal billsAdvertising 800Electricity 1200Freight 580Petrol for company vehicle 2200Salaries 45000Wages 120000PAYG withheld from salaries and wages 33400ATO-assessed income rate 3.60%It is important that bookkeepers are able to calculate GST amounts accurately.Calculate GST on an invoice received for payment of education fees; total invoice amount is $2200