Joey Ltd recorded an accounting profit before tax of $80,000 for the year ended 30 Jun 2021 which included the following items of revenues and expenses:

Donations to political parties (non-tax deductible)	$5,000
Depreciation expense - machinery (20% straight-line)	15,000
Annual leave expense	5,600
Rent revenue	12,000

For tax purposes, the following applied:

Depreciation - machinery (25% straight-line)	$18,750
Annual leave paid	6,500
Rent received	10,000
Income tax rate	30%

Calculate the taxable income/profit for the year ended 30 June 2021.