Here is information for the profit and loss account of Al Manama Contracting Company, which maintains regular books as on December 31, 2019 and submitted to the tax assessor:

1- There is an amount of 500 dinars that the company obtained in return for renting warehouses in the companys subsidiary in Al-Aker, which was not included in the rental income.

2- Within the revenues there is a compensation of 1,200 dinars received from the National Insurance Company for writing off one of the company's cars.

3- There is equipment leasing income of 7,000 dinars that was not mentioned in the income statement.

4- Net accounting profit of 65,500 dinars.

5- An amount of 700 dinars is included in the operating expenses for arranging a farm belonging to the company.

6- There are 1,000 dinars tax-acceptable bad debts not mentioned in the statement.

7- Personal withdrawals of the company owner, amounting to 1,500 dinars, were recorded within the company's administrative expenses.

Required: (1) Extract the tax profit (taxable income) of the Manama Contracting Company. (5 marks)

(2) Calculating the amount of income tax imposed on Al Manama Contracting Company. (One mark)