Question 5 (CH4 P66 - 67) Bates Investments Ltd. holds investments in several local subsidiary companies from which it gets paid dividends annually. The dividends received from these subsidiaries are the only source of income Bates receives annually. During the 2023 tax year of assessment Bates had the following information on their income statement: Revenue derived from dividends Operating and administrative expenses Bank Charges Salaries and wages Rental expenses Telephone and internet expenses Insurance paid for office equipment Advertising Entertainment expenses Profit before tax The advertising expense relates to branding which was done across the entire exterior of a new Ferrari, which the main shareholder of Bates purchased during the year, in the company's name, for R 6.5 million,. The branding promotes its subsidiaries. What would the total allowable deductions of Bates equate to for the 2023 tax year of assessment? A. R0.00 B. R7015000.00 C. R 6715000.00 D. R 13215000.00