Mandini Ltd is a company located in Melmoth that manufactures and distributes electronic products and suppliers. The following information is available for the year ended 28 February 2023 (all amounts exclude VAT unless otherwise stated): R Sales 8 500 000 Purchases and other expenses/costs Purchases for the year (the company commenced business on 1 April 2022 and thus has no opening stock). 4 900 000 Closing stock (at cost). 580 000 A new manufacturing machine was purchased on 12 March 2022. 350 000 Mandini Ltd. purchased a second-hand cutter machine on 15 July 2022. 125 000 Purchase of new printing machine (state of the art) was purchased and brought into use on 1 July 2022. Delivery and freight charges. Foundation alterations (the load bearing of the floor needed to be strengthened to hold the weight of the printer). 56 000 2 500 1 500 An adjoining factory was built and brought into use on 1 December 2022. 900 000 The company rents a warehousing depot across the road for the entire year of assessment and the lease premium charged by the landlord is R30 000 over the lease term (5 years) 17 250 (rental per month, including vat) Repairs and maintenance 84 000 Other expenses and allowances (tax deductible) 140 000 The company registered its logo as a trademark on 3 March 2022 40 000 REQUIRED: Compute Mandini Ltds taxable income for the year ended 28 February 2023.