QUESTION 1 Antiques Pty Ltd made three frankable distributions during the 2020/2021 franking period as follows December 2020: 5.200,000 which is franked to 60 April 2021: $240,000 which is ranked to 50, and June 2021: $280,000 which is franked to 80%. Required: Advise Antiques Ltd of the tax consequences (if any) for breaching the benchmark tranking role during the 2020/2021 ranking period. (10 Marks For the toolbar, press ALT+F10 (PC) or ALT-FN-F10(Mac); BI y s Paragraph Arial 10pt A T. x 6 5 TTC = = x X 2 MI iii !!! a > > KM 1+1 Save AS Save and Submit to save and submit. Click Save All Answers to save all answers