Lallana is a company operating in the manufacturing and maintenance industry. Lallana is listed on the Johannesburg Stock Exchange and has a $31$ December financial year end. You are currently reviewing the financial statements of Lallana. Your assistant has presented the following schedule of information relating to the year ended $31$ December $2017$: ITEM AMOUNT Lallana's accounting profit for the year ended $31$ December $2017$ after correctly accounted for all items: R $5750000$ Dividends received: Dividends received are exempt from normal tax in terms of s $10(1)($k$).$ R $74500$ Foreign income received $($after deduction of R$5000$ relating to foreign taxes$)$: The foreign income is not taxable in South Africa R $35000$ Gain on disposal of land: Lallana purchased land for the future development of a new factory building on $31$ March $2016.$ Due to the recent availability of factory buildings in the area, Lallana sold the land at an amount of R$1550000$ on $1$ January $2017.$ The original cost of the land amounted to R$1200000.$ Land is measured according to the cost model in terms of IAS $16$ Property, Plant and Equipment. The proceeds from the sale of land is a receipt of a capital nature for tax purposes. R $350000$ Depreciation on plant and equipment: The tax allowances on the plant and equipment amounted to R$900000.$ On $31$ December $2017$ the carrying amount of the plant and equipment amounted to R$3168000$ while the tax base was R$2500000.$ R $876000$

$\backslash$table$[[$Foreign income received $($after deduction of R$5000$ relating to$,$R $35000],[$foreign taxes$)$:$,],[$The foreign income is not taxable in South Africa,R $350000$