3. ITL Pty Ltd (ITL) is an IT manufacturer specialising in the sale of computer software. Due to increased global competition, the directors of the company decide to diversify their business activities and maintain profitability by purchasing the building adjacent to theirs on the 29" November 2018 with the intention of selling it for a profit. Two years after purchase they sell the property for a profit of $280,000. Does this receipt amount to assessable income? A Group of answer choices Yes, it is ordinary income as it is an incidental receipt in the carrying on of the taxpayer's business. Yes, it is ordinary income and falls under the Myer Emporium principal. Yes, it is a receipt of Sl as it is a capital receipt. Yes, it is a receipt of Statutory Income ('SI) under s15-15 ITAA 1997 (profit-making undertakings or plans). No, it is a receipt from an isolated, once-off transaction