QUESTION: Tilam Enterprise is a manufacturing company owned by Chin. The principal business activity is to produce and deliver mattress (using lorry) to its clients. You are required to compute its tax chargeable business income based on the following information. State Nil on non-adjusting item. Statement of Comprehensive Income for the year ended 31 December 2022 Note RM Sales Less: Cost of sales Gross profit Less: Expenses Depreciation Company registration with Company Commission Malaysia Factory rental Factory renovation and extension Factory repair and maintenance Salaries Entertainment Debtor written off Advertisement Professional fees Traffic fine and penalties incurred by delivery lorry Delivery lorry road tax and insurance Delivery lorry petrol and maintenance Cash donation to approved institutions Profit before tax Notes: (1) Included in salaries are as follows: Staff salaries Note: 40% of the staff are having the OKU card. Employer contribution to staff EPF (ii) Included in entertainment are as follows: (iii) Included in professional fees are as follows: (0) (0) Company's annual dinner event Cash gift for customer wedding Flower gift to business associate for opening new branches (iii) Capital allowance Balancing allowance Balancing charge (1,400) (500) (40,000) (30,000) (4,000) (70,000) (13,000) (3.600) (4.400) (20,000) (800) (2.000) (5,000) (6,000) RM 799,700 (286,400) 513,300 (213,300) 300,000 RM 50,000 20,000 RM 9,000 2,000 2,000 RM Audit fee Company secretarial fee Tax return fee (iv) The followings are derived on the business capital expenditures during the year: 4,000 8,000 8,000 RM 6,800 2,100 800 (30 marks)