CAT II Mr. Abdi, a businessman, has provided the following information to the year ended 31 December 2022: Additional information: 1. Capital allowances have been agreed as follows: Sh. Wear and tear allowances 120,000 2. Legal expenses include Sh.50, 000 paid with regard to pursuing a dispute with the VAT department. 3. Establishment expenses include Sh.400, 000 incurred in acquiring furniture and equipment for the business before commencement of operations. Required: (a) Mr. Abdi's taxable income for the year ended 31 December 2022. (12 marks) (b) Tax payable on the taxable income in (a) above