Q1 There are 5 parts to Question 1, worth 6 marks each. Total: 30 marks. 30 Points Newton Group Pty. Ltd. ("NG" is a company incorporated in Australia. It manufactures electronic products, mainly batteries, power storage equipment and generators. Its headquarters and factory are in Geelong, a regional city in Victoria where it employs 300 staff members. It sells its electronic products to retailers across Australia and exports to Asia. NG is not "a base rate entity" for Australian tax purposes. Listed below are a series of events that happened at NG during the 2020-2021 income year. For each event, explain the tax implications for NG. If you need more facts, be sure to indicate those that are needed and consider the potential tax consequences if those facts apply. Q1.1 6 Points NG constructed a gym and table tennis room attached to the work premises for staff to encourage sports and recreational activities. The cost of construction of the facility amounted to $550,000 (inclusive of GST). NG bought gym and table tennis equipment worth $110,000 (inclusive of GST). The construction of the facility and the installation of the equipment were all completed on the 1 May 2021. Enter your answer here Q1.2 6 Points NG has a factory showroom which was last renovated 12 years ago. NG spent $6,600 (inclusive of GST) to replace worn-out carpets with timber flooring. The company had been claiming decline in value for the carpets and the tax adjustable value of the carpets was $500 at the time of replacement. The main entrance to the showroom was also repainted at a cost of $1,100 (inclusive of GST) Enter your answer here