Gareth Slattery has carried on business as a furniture manufacturer for many years. He prepares annual accounts to 31 October. His Profit and Loss Account for the year ended 31 October 2022 is as follows

Compute the Case I tax adjusted profits for the year ended 31 October 2022.

Gareth Slattery has carried on business as a furniture manufacturer for many years. He prepares annual accounts to 31 October. His Profit and Loss Account for the year ended 31 October 2022 is as follows:- Note 2: Includes 600 paid to Slattery's wife for secretarial work and 100 to his ten year old son for pocket money. Note 3: This is comprised of : Advertising business products Advertising for staff " for tenant for premises which have been let " for sale unused site adjoining factory Note 4: FactorygroundrentFactoryratesRentedpremisesrentRentedpremisesratesRatesonunusedsiteGroundrentonunusedsite5001,20020060080202,600 Note 5: This includes the following:Heating oil for Slattery's home Heat for rented premises \begin{tabular}{c} \\ 500 \\ 300 \\ 800 \\ \hline \end{tabular} Note 6: This includes:- Personal telephone calls Installation of new internal phone system in factory 240 Note 7: Entertainment of customers Staff entertainment G. Slattery - trip to Cheltenham Holiday - Slattery's wife Holiday for chief salesman 6,0006005604005808,140 Note 8: Political subscription Subscriptions to Furniture Manufacturers Trade Assoc. 600 G. Slattery - Golf Club membership 1,820120 Note 9: Note 10: MiscellaneousMiscellaneousBusinessInsurancesInterestonunderpaidV.A.T.ParkingfinesforsalesmenRenewalofTradeMarkregistrationOfficeteaandbiscuitsTradeMagazinesSundry(allallowable)200500150502002001.300 N 120 REQUIREMENT Compute the Case I tax adjusted profits for the year ended 31 October 2022. Gareth Slattery has carried on business as a furniture manufacturer for many years. He prepares annual accounts to 31 October. His Profit and Loss Account for the year ended 31 October 2022 is as follows:- Note 2: Includes 600 paid to Slattery's wife for secretarial work and 100 to his ten year old son for pocket money. Note 3: This is comprised of : Advertising business products Advertising for staff " for tenant for premises which have been let " for sale unused site adjoining factory Note 4: FactorygroundrentFactoryratesRentedpremisesrentRentedpremisesratesRatesonunusedsiteGroundrentonunusedsite5001,20020060080202,600 Note 5: This includes the following:Heating oil for Slattery's home Heat for rented premises \begin{tabular}{c} \\ 500 \\ 300 \\ 800 \\ \hline \end{tabular} Note 6: This includes:- Personal telephone calls Installation of new internal phone system in factory 240 Note 7: Entertainment of customers Staff entertainment G. Slattery - trip to Cheltenham Holiday - Slattery's wife Holiday for chief salesman 6,0006005604005808,140 Note 8: Political subscription Subscriptions to Furniture Manufacturers Trade Assoc. 600 G. Slattery - Golf Club membership 1,820120 Note 9: Note 10: MiscellaneousMiscellaneousBusinessInsurancesInterestonunderpaidV.A.T.ParkingfinesforsalesmenRenewalofTradeMarkregistrationOfficeteaandbiscuitsTradeMagazinesSundry(allallowable)200500150502002001.300 N 120 REQUIREMENT Compute the Case I tax adjusted profits for the year ended 31 October 2022