Baygon Ltd has presented the following income particulars for the year 2022. Sales - 1,942,000 Closing Stock - 840,500 Cost of sales - 612,000 Interest from bonds held in Ghana - 32,400 Discount received - 26,750 Dividend from limuru tea ltd (net)- 134,000 Operating expenses - allowance - 920,000 Depreciation-60,000 Finance Cost - 98,000

Additional Information The company had a policy of maintaining a closing g stock that's twice the value of the opening stock The closing stock above is undervalued by 20%

Required: Calculate the taxable income for Baygon Ltd for the year "2022" .the tax laws for 2022 apply accordingly.