Sales $$10,000$

Opening stock $$5,000$

Purchases $$12,000$

Closing stock

$$ Cost price $-$$ $4000$

$$ Market value $-$$ $3000$

$$ Replacement cost $-$$ $3700$

Note: a shipment of tea$$s $($amounting to $$1,500)$ was still on board a

vessel at the end of the CY$.$ The terms of the shipment were FOB

destination.

Please calculate if there is to include in the tax return.