(a) Distinguish between zero-rated supplies and exempt supplies under the Value Added Tax Act, giving two examples of each. (7 marks) (b) Bright Stores Limited, a registered taxable person, recorded the following for the month of March: sales of taxable goods ₦21,500,000 (VAT exclusive); purchases of goods for resale ₦12,000,000 (VAT exclusive); professional fees paid to its auditors ₦2,000,000 (VAT exclusive); purchase of a delivery van ₦8,000,000 (VAT exclusive). Compute the VAT payable to the FIRS for the month, explaining the treatment of each item. (8 marks)