Good Food Pty Ltd, a resident food manufacturing company, presented you with the following information for the year:

net profit as per the Income Statement $100,000

decline in value expenses for tax purposes for the year was $5,000

decline in value expenses for accounting purposes for the year was $7,000

doubtful debts expenses included in the Income Statement $1,000

Franked dividends included in the Income Statement $700

The taxable income for the company should be:

Select one:

a. 99,000

b. 103,000

c. 103,300

d. 100,000