Mr Winter, is the owner of SA Clothes. The Business is registered for VAT and all business trading with. VAT is levied at 15%. The following information took place during March 2024. on 1 March 2024, the business had 100 leather Jackets (cost for each was R300) and 50 wool jerseys (Cost for each was R200) and the balance for trade payables was R10 000 and Trade receivables was R15 000. Inventory are sold at a mark-up of 70% on cost. SA Clothes account for their inventory using perpetual system, on FIFO method. On 2 March, SA Clothes placed an order for 150 leather Jackets (Total cost of R55 200, Incl. VAT) and 100 wool jerseys (for R276, Incl. VAT each). The supplier pay insurance for each delivery to customers, the insurance premium is cost to company. The insurance premium is R1 150(incl.VAT) for each delivery. On 5 March 2024, customers bought 70 leather jackets and 30 wool jerseys on credit. On 6 March 2024, the business received an order placed on 2 March 2024(the payment for this order will only be paid on 1 May 2024) and only paid for transport cost of R2 875, Incl. VAT(11,50 per unit). On 7 March 2024, the business settled the opening trade payable account balance. On 8 March 2024, a customer who bought inventory on credit in January was written off as a bad debt, the customer was owing the business, R5000(excl. VAT) On 10 March 2024, customers returned 10 leather jackets that were sold on credit on 5 March 2024 a credit note was issued. On the following day inventory was returned to the supplier and the trade payable account was updated. On 15 March 2024, a credit sale was made, the business sold 50 leather Jackets and 40 wool jerseys. On 30 March the NRV for each leather jacket was R290 and NRV of wool jersey was R260. Required: Calculate VAT for transaction happened on 15 March 2024