Delta (Pty) Ltd, a South African resident, acquired trading stock by way of an inheritance on 1 March 2023. The market value on the date of inheritance was R874 000 (including VAT of R114 000). The stock was not sold at year-end and the market value at year-end was R780 000 excluding VAT. Purchases of trading stock of R2 500000 were acquired during the year of assessment and the opening stock and closing stock was R580 000 and R620 000, excluding the trading stock acquired by inheritance above, respectively. What is the value of the closing stock in terms of section 22(1) for the 2024 year of assessment? A. R1 340000 B. R580 000 C. R780000 D. R760000