1. Alpha Gamma sole proprietor business has been in the business of financial advisory since year 2010.For the year ended 31.12.2021, its profit and loss account is as follows:

	RM'000	RM'000
Service fees		3,750
Less: Expenses:
Operating expenses	2,530
Payroll cost	320
Directors' remunerations	142
Freight and insurances	40
Utilities expenses	62
Depreciation	89
Entertainment of clients (related wholly to sales	15
	-----------	(3,198)
Net profit before taxation		------------ 552 ======

Additional information:

Freight and insurance:

Included in the above expenses is an amount of RM5,000 paid to Security Insurance Bhd, a company incorporated in Malaysia for insuring books imported from U.K. The tax authorities confirmed that this amount is eligible for double deduction.

Required:

Compute the adjusted income for the company for YA2021.