Matterson enterprises carries on a manufacturing business and had a number of transactions for the current tax year ended 30 June relevant to calculating its ordinary income:

• received $100 000 as compensation for the loss of trading stock due to flooding in its business premises;
• received $300 000 for the outright sale of a patent/copyright for a product it no longer manufactures;
• received $400 000 from the sale of its manufactured goods to a retailer.

Based on this information what amount of ordinary income will Hannant Ltd have for thecurrent tax year ended 30 June?