Question 1 5 pts Emu Consulting Ltd is an Australian company (resident for tax purposes) with an aggregate turnover of under $50million. During the current tax year, it derived $600,000 in assessable income, $200,000 in allowable deductions and $120,000 in exempt income. of the assessable income Emu Consulting Ltd derived, $490,000 related to dividend income. It also has $25,000 in available tax offsets. Required: Determine for Emu Consulting Ltd the following: 1. Taxable income (1 mark) 2. Net tax payable (refundable) (4 marks) In doing so, clearly label all relevant figures, clearly articulate all relevant analysis and show all workings