Australian Taxation Question. Solve this Question for us

Purchase Of materials Travelling expenses: Daley Bread traveled to Small Business Conference in Sydney. His wife traoeied With him and attended some of the social functionS organised by fhe conference organisers. Daley'S Costs; Of the total expenses paid by the company. The remaindek related to his wife Wages to stff 'Superannuatiop or staff otes: i leave taken by staff was $93,000 j 50000 5,100m 500,000K 45,000 ase o new office on I June Y for "40,000, The building had been constructed on Bpril 2003 at a cost of$i00 000. Write off of bad debt of $2,800 on 15 " The debt arose from sales io restaurant in the previous year- The restaurant had gone out ofbusiness and there was going to be no retum to unsecured creditors. The following PAYG Onstalments ortefunds received were pai 0"fceivf4 uringth,f year: 28 July CY 28 October CY 30 November CY 28 February CY 28 April CY 28 July FY 4th instalment of tax instalment fax refund of PY tax 2nd instalment of CY tax 3rd instalmenF of C Y tax 4th gustalment of CY tax The company paid two dividends during the year- The first totalled $35,000' wag franked to 100%- It was paid on 1 July CY- The second dividend was paid on' 1' December CY, The dividend totalled $60,000 and was franked to 309/0J)lThe balance in the franking account at Yune PY was a debit of $2,000 which was paid on 28 Jul CY Required: Using the reconciliation meuod, calculate the taxable income and the net tax payable of the company for the year ended 30 June CY assuming the company wished to minimise iffs taxable income but did not wish to use pooling for depreciation purposes and did not wish to use SBE elections- Treat them as a non BRE Set out the franking account for the company for the current year including any franking additional tax or franking deficit tax which may be payable-