1. Beautiful Creations is a small company creating bespoke costume jewelry. The company has a gross income of R972 000 in the financial year ending 28 February 2023. In previous years the company always invested profits in various investment propositions instead of declaring a dividend. In the 2022 tax year, their investment income constituted 23% of the total income of the company. Deductions for income tax purposes was R483 000. Calculate the income tax payable by the company for the 2023 financial year. Choose the correct answer (rounded)

a. R132 030

b. R136 920

c. R1 540

d. R72 643

e. None of the above