BIG TIGER Insurance ltd presented the following information relating to its life insurance business for the year 2022: Ksh 000 Premiums received 7,610,000 Premiums returned to policyholders 847,000 Premiums received on re-insurance contracts 656,000 Actuarial surplus transferred to shareholders 540,000 Premiums receivable; b/d 112,000 Premiums receivable; c/d 133,000 Bonus utilized in reduction of premiums 64,000 Management expenses 1,674,000 Premiums transferred on re-insurance 107,000 Required: Calculate the taxable income from the life business of the insurance company. A. Ksh 740,083,750 B. Ksh 708,828,750 C. Ksh 937,743,750 D. Ksh 939,960,000