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DBen Rawiller, a resident taxpayer operates an electrical goods store. During the 2021/22 tax year, Ben had the following transactions: Sales Purchases of Trading Stock

DBen Rawiller, a resident taxpayer operates an electrical goods store. During the 2021/22 tax year, Ben had the following transactions: Sales Purchases of Trading Stock Stock - 1 July 2020 Stock - 30 June 2021 (cost) Stock donated to registered charities at market value $ 2,927,800 1,385,680 458,470 401,800 49,300 (deductible) Other deductible expenses Trading stock destroyed due to flooding in store 582,370 83,490 Using the above data, calculate Ben's taxable income for 2021/22

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