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Henry also runs his own consultancy business, running corporate finance workshops. This year he made profits of 1 8 , 7 0 0 after deducting

Henry also runs his own consultancy business, running corporate finance workshops. This year he made profits of 18,700 after deducting personal withdrawals of 5,800. He kept accurate mileage logs and charged 540 in business petrol costs to arrive at this profit, and also deducted the cost of his advertising, which amounted to 605. Other expenses charged to the business were entertaining his corporate clients at a cost of 470 and 160 in parking fines.
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Calculate for Henry the correct profits that he should include on his tax return.

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