$11\mathrm{.}11$ For the year ended $30$ June $2024,$ Green Acres Pty Ltd$,$ an SBE taxpayer, derived a taxable income of $$120000,$ excluding the following transactions.

Dividend received from UK company $($net of $$300$ withholding tax$)$: $$1,700$

Unfranked dividend from Minatour Pty Ltd$,$ a resident Australian company: $$10,000$

Fully franked dividend received from Xero Ltd $($$$1500$ franking credits$)$: $$3,500$

The taxable income of $$120000$ was arrived at after deducting the following items.

Bad debts expense: $$5400$

Accounting depreciation expense on plant and equipment: $$16800$

Entertainment $-$ clients: $$4200$

Fines and penalties: $$660$

Notes:

$$The opening balance of provision for doubtful debts was $$14200.$ The closing balance of provision for doubtful debts was $$12800.$Bad debts can only be claimed as an income tax deduction when the bad debt is written off. The company uses the provisioning method in providing for doubtful debts.

$$Client entertainment is not allowable as an income tax deduction.

$$Fines and penalties are not allowable as an income tax deduction.

$$There was no tax depreciation for the $2024$ income year as the company adopted the simplified depreciation regime and claimed all of its SBE tax depreciation relating to depreciable assets owned in a previous income year.

Required

Calculate Green Acres Pty Ltd$\text{'}$s taxable income and tax payable for the year ended $30$ June $2024.$

Assume that Green Acres Pty Ltd paid PAYG instalments totalling $$28000$ during the $2024$ income year to the ATO. Assume that the company has a BRE tax rate of $25$ per cent. Round all calculations to the nearest whole dollar.