Part A: Regarding his employment Employer: Blue Marlin Pty Ltd (ABN: 11 235 365 874) Gross wages for the 1st of July 2022 to the 30th of June 2023: $7,800 (PAYG withheld: $200) He also received $2,000 shift allowance and $800 reimbursement for work related software fees from his employer. Himanshu received a car from employer as a fringe benefit (showing as reportable in his PAYG summary, valued $60,000) Work related allowable deductions to claim (telephone & stationery) $300 Part B: Regarding his Business During the year, Himanshu has had the following transactions in relation to sales, purchases, and inventory (trading stock). Himanshu did not choose Small Business Entity option nor low value pool. Cash received from accounts receivable for credit sales $85,000 Cash paid to accounts payable for purchases of trading $43,000 stock Inventory (trading stock) on 1 July 2022 $7,100 Inventory (trading stock) on 30 June 2023 at cost $8,400 at market selling $8,600 at replacement $8,500 Himanshu has taken home some food items from the stock purchased for consumption by his family at total value of $2,500 Ledger balances were as follows 1 July 2022 30 June 2023 Accounts receivable $17,600 $19,800 Accounts payable $5,280 $5,830 The additional cash receipts are: Volume rebates from suppliers $3,500 Insurance recovery from the insurance company due to extensive damage caused by a hailstorm and included Compensation for loss of income $7,900 Repairs carried out on shop caused by storm damage $2,700 Medical costs incurred by Himanshu form injuries $900 Capital contributed by Himanshu to expand the business $10,000