4. Muhalb Traders LLC is a trading company in Oman dealing in household furniture. The company was established in 2014 with a registered capital of OMR 70000. It employed 6 employees on an average during the year 2021. All the employees MR Omani nationals except 1 expatriate. The company recorded a net profit of 2000, 36000 during the year 2021. The Gross profit earned during the year was OMR 62000 . Depreciation is provided using straight line method on the noncurrent assets of the company. During the year 2021 machinery costing OMR 30000 was depreciated at 20 percent Per annum, furniture costing OMR 9000 was depreciated at 40 percent Per annum. New office equipment to replace old one was purchased in January 2021 for OMR 2500.The accounted debited the cost of office equipment in the income statement treating it as an expense. The cost includes OMR 300 , the cost of a computer purchased for the use of manager's son. To fulfill corporate social responsibility, the company donated OMR 3800 for the sports event organized by an approved charity. The amount is charged to current year's profit. Advertisement expenses and rent expenses charged to the profit during the year was OMR 3800 and OMR 600 respectively. Rent expenses include OMR 600 paid to the personal office of the Company secretary. The tax authority approved only OMR 2400 of the advertisement expenses as deductible expense. FIFO method is used by the company for inventory valuation. Opening inventory OMR 22500 was recorded in the income statement but the actual value of the inventory is OMR 20250. Stock valuation revealed that the closing inventory was overvalued by OMR 1167. OMR 1800 provision for inventory loss created during the year was charged to the current year's profit. The company sold a part of its investment in listed securities. OMR 1200 loss on sale of securities listed in MSX was charged to current year's profit. Bad debt recovered OMR 1700 from an insolvent customer, is included in current year's profit. The amount recovered includes OMR 700 due from the customer, written off in the year 2018. Loss incurred in 2016 and 2017 are OMR 1000 and OMR 2700 respectively have not yet been considered. Calculate the Tax Payable by Muhalb traders LLC ( 5 marks)