Broader Patrol Pty Ltd is a trading company which conducts a security agency business using drones to monitor the streets. Which it commenced on 1 July 2019, prior to that it run a restaurant business? The business incurred tax losses of $45,000 and $11,000 in the years ended 30 June 2018 and 30 June 2019 respectively. Current year trading information: Income Gross revenue from security agency Sale of shares The shares had been acquired in a public float on 15 July 2015 for $9,860. Franked dividend received 3 November 2019 Franking credits attached $429 Partly franked dividend received 8 March 2020 Franking credits attached $2,743 Interest on investments Expenses $ 1,200,000 325,000 1,100 8,000 12,000 Purchases all allowable under sec 8-1 700,000 Salaries and wages (including Directors' salaries of $60,000) 450,000 Lease rental for business premises 80,000 Other allowable expenses and depreciation 13,000 Provision for Annual Leave 12,590 Superannuation 40,500 Rent prepaid on new premises, 11 months of rent were paid in advance on 28th June 2020 56,000