can you please help solve this question for taxation law.

2/2017 QUESTION 1 Sammy, who is 45 years old, carries on a food catering business, as a sole trader, in Perth. With the consent of the Australian Tax Office (ATO), the cash basis of accounting applies to Sammy. For the year ended 30 June 2017, he has provided you with the following information regarding his business: (1) He had sales of $344,850 of which: (2) (i) $50,000 remained unpaid by his customers as at 30 June 2017 although food have been delivered, invoices issued and no dispute has arisen; and (ii) on 20 June 2017, $10,000 was paid directly to Tom instead of to himself, upon his instructions to his customers (Tom is his builder who is building a garage for his house). On 1 July 2016, the opening value of his trading stock for tax purposes was $35,000. This stock was valued at cost. On 30 June 2017, he had trading stock on hand valued at $67,000 at cost, $66,000 at market and $65,000 at replacement. (3) During the current income year, he purchased food provisions for his business from various suppliers at a cost of $150,000 and he incurred direct costs of production of $67,000 as well as overhead production costs of $28,000. 1 (4) During the current income year, he used his Honda car (engine capacity 2,800 cc) in his business. His logbook shows that he used it for 4,600 km of business travel and the total kilometres travelled by the car during the current income year was 7,500. 1 The operating expenses associated with running the car for the year were $12,300 in total (including depreciation). However, he did not keep any written evidence of the expenses. The car cost him $40,000 when he purchased it on 4 June 2015. [ assume that the Honda car is a \"car\" as defined in s.995-1(1) ]. . (5) As part of his business, he sells coffee brewed from beans imported from the Brazil. On 31 August 2014, he purchased the most technologically advance brewing machine from Coffee Tech Ltd. for $45,000. The machine is used exclusively for the business and has an effective life of 6 years. In December 2015, Coffee Tech Ltd. invented an automated robotic arm attachment for this machine - the purpose of the invention is to brew coffee with very little need for a barista. Sammy decided to invest in this technology and added this automated robotic arm to the brewing machine for $6,000 on 1 January 2016. He depreciated the brewing machine using the Prime Cost Method. [For the purposes of this question, the number of days for the relevant periods is as follows: (i) (ii) (iii) (v) (6) From 31 August 2014 to 30 June 2015 From 1 July 2015 to 30 June 2016 From 1 January 2016 to 30 June 2016 From 1 July 2016 to 30 June 2017 304 days 365 days 181 days 365 days] On 1 July 2015, he purchased a pick-up truck (1.5 tonne carry load) at a cost of $100,000 for daily use in his business. The truck has an estimated effective life of 4 years and was depreciated using the Diminishing Value Method. The truck is used 100% for business purposes. He subsequently sold the truck on 30 April 2017 for $26,000. 2 [For the purposes of this question, the number of days for the relevant periods is as follows: (i) (ii) (v) From 1 July 2015 to 30 June 2016 From 1 July 2016 to 30 April 2017 From 1 July 2016 to 30 June 2017 365 days 305 days 365 days] (i) (7) he paid private health insurance premium of $3,000 to Medibank for his benefit. Sammy is single and has no dependents. He has sufficient private hospital cover with Medibank. Advise Sammy on his tax liability for the year ended 30 June 2017 (assuming that he wishes to legally minimise his income tax liability) based on the information above. 3