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Big tiger insurance Ltd presented the following information relating to its general insurance business for the year 2022 Premiums received. 7,610,000 Premiums returned to policyholders

Big tiger insurance Ltd presented the following information relating to its general insurance business for the year 2022
Premiums received. 7,610,000
Premiums returned to policyholders 847,000 Premiums received on reinsurance Contracts 656,000 Premiums receivable b/d - 112,000
Premiums receivable c/d 133,000
Bonus utilised in reduction of Premiums 64,000 Premiums transferred on re insurance 107,000

Required: Calculate the maximum amount of allowed management expenses for the company

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