Sophia is the managing director of Silk Ltd and earns an annual salary of $120,000.$

She also received benefits from Silk Ltd during $2023/24$ as follows:

She was provided with the use of an apartment which has an annual value of $9,000$

and which cost her employer $77,000$ to buy eight years earlier. Silk Ltd paid for

capital improvements of $12,000$ three years ago, and further capital improvements

in October $2023$ of $5,000.$ Sophia moved in on $6$ April $2023$ when the market value

of the property was $280,000.$ She made no contribution towards the utility bills

associated with the property. These cost the company $4,500$ in $2023/24.$ Silk Ltd

also furnished the flat on $6$ April $2023$ at a cost of $12,500.$ Her occupation of the

property is not job$-$related.

For $2023/24,$ Sophia was provided with the use of a petrol company car which had a

list price of $17,000$ The relevant percentage is $29\%.$ She paid $30/$month towards

the running costs of the car. Fuel was provided by Silk Ltd for both private and

business purposes.

Calculate Sophia$$s employment income for $2023/24.$ Official Rate Interest $2\%.$