Mark is a self-employed motor mechanic who derived assessable business income of $235,000 in the year ended 30 June 2020. Mark incurred expenses of $220,000 in deriving this income and also contributed $12,000 to a complying superannuation fund in his own name. In addition to this, he made a donation to the Cancer Council for $1,000. Mark is also a member of the part-time Army Reserve and earned $5,000 during the income year. Expenses incurred in relation to his Army Reserve work amounted to $400. Given that Mark had income losses brought forward from the previous year of $12,000, the amount of his taxable income/loss for the current year is:

	a.	Nil
	b.	$8,000 income
	c.	$7,000 loss
	d.	$5,000 loss
	e.	$2,000 income