IPM Garment Manufacturing Company operates in Macau. Its profit and loss account for the year ended 31 December 2014 as follows: MOPS MOPS 85,000,000 Sales Dividend income Other income Total income Cost of goods sold Salaries and wages Depreciation Increase to provision for loss of inventory value Donations es 500,000 1.500.000 87,000,000 66,000,000 12,500,000 1,140,000 300,000 Miscellaneous expenses Profit before tax 190,000 134,000 200,000 Provisional Complementary Income Tax Profit after tax (80,464,000) 6,536,000 (950,000) 5,586.000 Additional Information: Dividend income was derived from investing in an associated company (a Group A taxpayer) in i) Macau. It represented IPM's share of the associated company's after tax profit (Complementary Income Tax already paid by the associated company). Included in other income is MOPS58,000 of tax refunded (related to the year 2011) by the Finance Services Bureau. The remaining amount included MOPS400,000 as gain on sale of a patent right and MOPS42,000 as interest earned on a note receivable. ii) iii) Salaries and wages include employees' Professional Tax of MOPS280,000. iv) Depreciation expense was calculated based on straight-line and zero salvage value. Details are as follows: Fixed asset Electronic equipment and machinery Non-electronic equipment and machinery Office computer system Heavy vehicles Total Cost MOPS) 3,000,000 1,600,000 400,000 700,000 Depreciation (MOPS) 600,000 320,000 80,000 140,000 1,140,000 In order to reflect the real value of ending inventory in the company's balance sheet based on the v) lower-of-cost-or-market principle, IPM has since the year 2014 set up a provision account for loss of inventory value. The ending book value of inventory on 31 December, 2014 was MOPS6,000,000. The fair market value of the inventory on the same day was MOPS5,700,000. vi) Donations included MOPS120,000 to Tung Sin Tong and MOP$70,000 to the Macau Red Cross. Both of them are approved charitable organizations in Macau. vii) Taxes included Industrial Tax MOP$300 and Urban Property Tax MOP$133,700. The 31 December 2014 ending balance of accounts receivable was MOP$7,000,000. On the same day, the remaining balance of the provision for bad debt account was MOP$180,000. This amount of provision was set up in 2013. No additions or deductions were made to the provision account in viii) 2014. ix) Miscellaneous expenses included the following: Advertising and promotion Insurance for managers (not compulsory) Selling and distribution Communication expenses Rent Financial expenses Legal expenses Compensation for an insurable loss (but no insurance had been purchased) MOP$30,000 19,000 30,000 12,000 47,000 30,000 7,000 25,000 MOP$200.000 Required: Calculate IPM's 2014 Complementary Income Tax payable. Provide explanations to support your calculations by citing the relevant articles.