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Dubai Duty Free presents the following financial details for the year ending December 31, 2023: Revenue from retail sales: AED 2,800,000 Cost of Goods Sold:

Dubai Duty Free presents the following financial details for the year ending December 31, 2023:
Revenue from retail sales: AED 2,800,000
Cost of Goods Sold: AED 1,000,000
Operating Expenses: AED 600,000
Interest Expense: AED 40,000
Tax Rate: 20%
Determine Dubai Duty Free's net income and the tax obligation.

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