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1 1 . 1 5 Vision Eyewear Pty Ltd ( a private company for tax law purposes ) has an opening franking account surplus of

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11.15 Vision Eyewear Pty Ltd (a private company for tax law purposes) has an opening franking account surplus of $30000 at 1 July
During the 2024 income year, the company entered into the following transactions.
On 17 July 2023, the company paid an unfranked dividend of $5000 to its shareholders.
On 28 July 2023, the company paid its fourth and final PAYG instalment of $7500 in respect of the 2023 income year.
On 11 August 2023, the company paid a dividend of $18000 franked to 80 per cent.
On 17 September 2023, the company received a fully franked dividend from Coles Ltd of $1500.
On 28 October 2023, the company paid its first PAYG instalment for the 2024 income year of $5000.
On 19 December 2023, the company paid a franked dividend of $12000 which was franked to 100 per cent.
On 28 February 2024, the company paid its second PAYG instalment for the 2024 income year of $5000.
On 23 March 2024, the company paid a franked dividend of $6000, franked to 60 per cent.
On 7 April 2024, the company received a fully franked dividend from Telstra Ltd of $1200.
On 28 April 2024, the company paid its third-quarter PAYG instalment for the 2024 income year of $5000.
On 6 June 2024, the company paid a franked dividend of $150000, franked to 80 per cent.
Assume a company tax rate of 25 per cent.
Required
Prepare a dividend franking account for Vision Eyewear Pty Ltd for the year ended 30 June 2024. Show all workings. Round all
transactions to the nearest whole dollar.
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