An organization has recorded the following profit and expenses:Profit before interest and tax$200,000Sales$2,300,000Purchases of materials$700,000Interest...

An organization has recorded the following profit and expenses:

Profit before interest and tax

$200,000

Sales

$2,300,000

Purchases of materials

$700,000

Interest expenses

$30,000

If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following

is the amount of VAT that the organization has to pay?