Black and white are partners in an accounting firm called Smart Business. They have furnished the following accounts for the year ending December $31,2023.$

P P

Income

Revenue $920,000$

Expenses:

Depreciation $165,000$

Drawings $($partners$)158,000$

Office Rent $30,000$

Staff Salary $190,000$

Black$$s Salary $98,000$

Interest on Partners Capital $(10000$ each$)20,000$

Sundry expenses $126,000787,000$

Net Profit $133,000$

Additional Information

i$.$ Profit and losses shared between White and Black in the ratio of $2$:$3$ respectively.

ii$.$ Capital allowance is claimed for the year was P$186,000.$

iii. White received dividend from a listed company in Botswana P$38,000.$

iv$.$ Black received interest from a commercial bank P$18,000.$

v$.$ Approved Pension fund paid by white P$15,000$ and unapproved pension fund paid by Black P$22,000.$

Required

$($i$)$ Calculate the partnership$$s chargeable income for the year ended $30$ June $2017.$

$(8$ marks$)$

$($ii$)$ Calculate the tax payable by Black and White for the year ended $30$ June $2017.$

$(12$ marks$)$