Need to calculate taxable income on cash basis, please help

,.',..'..,., vi..'........- "um-rue.) su (Ul ' . ' % Sgply the. SBE prowsxons but now chooses to SD [She has "Ot DVGV'OUS'Y e'eCted to Qi' t all busmess entities. As at 30 June 2015, she fig/lame depredauon conceSSions for Q Asset Adjustable the fonowmg assets: 0 , Val . . . 0 Car (1000/ . 30/5/15 uc Effective Life . ii 0 busmess) $ ( rs) , Office Equipment 26,000 y 7 i Sacks/WI Plant igrggo 4 3 OW a U8 Pool Balance ' 0 " 10 l 22,500 During the 2015/16 tax year, Polly had th e followin t , hi 5 Date Transacfian 9 ransidions. Q = Effect' ' U. 01 July 2015 Purchased Furniture dgw 30 Nov 2015 Purchased Storage Container 31'100 10 01 Feb 2016 Sold Office Equipment 27,000 30 s 01 Feb 2016 Purchased Computer 2'400 The computer is used 85% for busmess purposes 81200 3 calculate any amounts that are a tax year. ssessable or deductible for the 2015/16 Calculate the closmg balance of ass et ool 2015 " S "Sed bv Pony QuESTION 7. 13 (Various concessions ' Mac Hasic is a 40 year-old resident taxpayer who 0 As a sole practitioner, Mac recognises his i He also elects to apply all available small bu business RECEIPTS (eXC/ua'e GSD Receipts from Clients $ 372 000 Proceeds from sale of old photocopier on 1/7/15 (currently in the 2'700 general small busmess pool) ' PA YME/VTS REM TING TO BUSINESS (excludes GST) Net Wages paid to employees 94'000 PAYG withheld from wages and forwarded to ATO 24300 Purchase of new photocopier (1/7/15, effective life 6 years) 21,000 ' Rent of office 62l000 1 July 2015 30 June 2016 Debtors $ 31,500 $34,700 General SBE Pool Balance 8l900 PAYG tax payable to ATO 2,400 3.800 '*'f 1 ; i'" , ($2,000 per month) ZIOOO 4:000 ' "' fixable income for the 2015/16 tax year. 223