Sapphire Jewellery Pty Ltd $($SJ$)$ is a resident private company.

During the $2023$ income year, SJ recorded an accounting profit of $$80,000$

In addition to the transactions recorded in the financial statements, SJ noted the following:

SJ sold shares held as an investment for $$45,000.$ The shares were purchased in $2017$ for $$25,000$

Calculate the taxable income of SJ for the $2023$ income year.

Question $18$Select one:

$$100,000$

$$90,000$

$$60,000$

$$70,000$