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Ngwenya (Pty) Ltd had closing trading stock with a value of R1 300 000 at the end of the company's year of assessment on 28

Ngwenya (Pty) Ltd had closing trading stock with a value of R1 300 000 at the end of the company's year of assessment on 28 February 2022. The trading stock was sold by the company for R1 550 000 during its 2023 year of assessment ended 28 February 2023. Calculate taxable income of Ngwenya (Pty) Ltd for 2023 year of assessment. O a. R1 300 000 O b. R(250 000) O c. R1 550 000 O d. R250 000

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