JPC Ltd. is in the business of processing snack packs. For the year end December 31 , 2023 JPC Ltd has a Profit before tax is $3.5 Million after charging/crediting the following: Additional information: a) Legal Fees include the following items: - Expenses related to the cost of acquiring fixed assets - $400,000 - Expenses in respect of the recovery of debts - $500,000 b) Bad debts are as follows: - A loan of $75,000 to a salesman who left without repaying it - \$43,000 owed by Stan's Supermarket which sent confirmation that they went into bankruptcy