Jones Emporium Pty Ltd operates a chain of fashion outlets across Australia. The company's Statement of Comprehensive Income for the year ending 30 June 2020 shows Profit before tax from continuing operations of $53,897,890. The following transactions gave rise to expenses that have already been included in the calculation of Profit before tax from continuing operations: Marketing expense, $42,000: During the income year, the company purchased cinema tickets at a cost of $42,000. Every month, 100 lucky customers got two movie tickets free, based on a random draw that included all customers who purchased items in that month. Each month, the winners' names were featured in advertisements to promote new clothing lines. Staff employment and well-being expenses, $250,000: The company operates a canteen at its head office that provides staff with free cold lunches. The operating cost of the canteen totalled $250,000 during the income year. Legal expenses, $40,000: The company incurred legal fees of $40,000 on 1 February 2020, in successfully blocking a competitor's application to open a fashion retail outlet in the same shopping centre as Jones Emporium Pty Ltd's flagship store in Sydney. This was the fifth application that the company successfully blocked in as many years. Security expenses, $50,000: This amount represents one month's worth of security expenses. The company made a prepayment of $600,000 on 1 June 2020 for 12 months for security guard services at all its largest branches starting on 1 June 2020. LAWS3101: Tutorial 5 You are required to: a. Discuss the income tax treatment of each of the expense items presented in this question. Show all your calculations, provide reasons for your answers, referencing relevant sections of relevant Income Tax Assessment Acts, relevant case law, or rulings from the Australian Taxation Office. You may assume that there is no FBT payable. Calculate the taxable income of Jones Emporium Pty Ltd for the 2019-2020 income year, starting with profit before tax from continuing operations of $53,897,890. Show all your calculations, provide reasons for your answers, referencing relevant sections of relevant Income Tax Assessment Acts, relevant case law, or rulings from the Australian Taxation Office. In this question, you must specifically deal with each expense item presented in the question, even if you find that the tax and accounting treatments are the same