Khairan Co. reported its annual income KD3500000. After the tax inspection: 1. An amount of 20000 has been omitted from sales revenues. 2. The company has swapped an inventory costing 28000 with a furniture of market value 30000. This exchange has been recorded at cost of goods sold. 3. A consignment goods has been reported as sales including 20% profit margin. At the end of the year, 15000 worth of goods has been disclosed in the financial position statement. 4. Sold goods to a subsidiary valuing 30000 while its recorded cost 20000. End of the year counting revealed goods worth 5000 still in stock. 5. Goods costing 10000 were sent to local branches, and to foreign branches 40000. These goods was recognized as full fledge sales with gross margin of 20% over the cost. End of the year counting revealed goods of 5000 still in stores of the local branches, while foreign branches reported 10000. 6. The company capital is divided equally among national citizens and foreign entities. Required. 5. Prepare the tax inspection proforma of Khairan Co. for the year 2022? 6. As per Kuwait tax legislation, determine the tax liability of Khairan Co. If the tax rate is based on a progressive bracket for each 10000 of net income an increase of 3% tax rate? 7. Similarly, if the tax base is regressive starting with 20% on the first 20000, then reduced by 6% for every 7500 of added income? 8. Calculate the tax liability based on a proportional tax rating of 17.5%? 9. Kuwait tax legislation imposed taxes on foreign entities only.