Explain briefly whether the following receipts are assessable income. Include references to any relevant provisions in the ITAA1997 or ITAA1936. a) A car valued at $15,000 given as a prize to a depositor of a building society. The competition was open to all those who were able to maintain a minimum balance of $10,000 for the year.b) An exchange gain (not of an income character) of $1 million made by a large industrial company on repayment of long term loans. c) A travel allowance of $4,500 (paid at 45 cents per kilometre for 10,000 km travel) paid to an employee by an employer because the employee was carrying out tasks required by the employer.