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

During the $2023$ income year, SJ recorded an accounting profit of $100,000$

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

During $2021,$ SJ purchased business premises for $500,000.$ There were $$200,000$ of construction costs incurred on the property in $2005$

calculate the taxable income for SJ for the $2023$ income year

$$95,000$

$$1,05,000$

$$87,500$

$$112,500$