Al Dahabi Flour Mills's Income Statement shows OMR 297,500 profit for the year 2019. The following information are provided to arrive the taxable income. > The opening inventory actual value was OMR 72,800, but it was reported as OMR 65,300. > Provision for bad debts of OMR 4,000 has not been included to calculate the above profit. - The firm did not record OMR 5,000 dividend income from equity investment. - The depreciation of a permanent building cost OMR 200,000 has been calculated at 5%. - A vehicle was purchased for OMR 10,000 for official use and it is recorded as an expenses. - The firm incurred advertisement expenses of OMR 27,000. However, the tax authority declared OMR 12,000 as non-deductible for this year. - Travel expenses was OMR 3,800 out of which OMR 3,000 is relevant for business. Calculate the taxable profit and the tax liability of the firm for the year 2019.