Clara is a qualified chef. She commenced a catering business by providing her personal services andcooking skills. Her income and expenditure for the current year are as follows:INCOMECash received from the catering business $$160,000.$ Outstanding from the current year's functionsinvoiced but not received was $$28,500.$Dividend from J Ltd shares $$2000$Franking Credits $$780$EXPENDITUREAccounting fees $$1536$Wages to staff $$30,000$Food Purchases $$60,000$Purchase of $2$ tonne Van purchased on $1$ December to deliver food $75000$Personal Donations to Red Cross $$1000$Complete the multiple blanks below to calculate Claras taxable income and net tax payable includingMedicare levy.Just write the figures without any commas to work out the taxable income, e$.$g$.12000$ but youmust write dollars and cents with a dot to work out the net tax payable, e$.$g$.1200\mathrm{.}35$Write $0$ if no amount should be included in the assessable income or allowable deductions.The business qualifies as an SBE. Clara wishes to use pooling for simplified depreciation.