Strawberry Ltd has a profit before tax of $$4\mathrm{.}25$ Million after charging the following:

Depreciation $120,000$

Interest Expense $600,000$

Legal Fees $450,000$

Audit Fees $300,000$

Interest Income $75,000$

Foreign Travel $175,000$

Bad Debt $315,000$

Additional Information:

$1.$ Legal fees are as follows: expenses related to the cost of acquiring fixed assets$-$$$200,000$; Expenses related to recovery of debt $$ $$250,000$

$2.$ Bad debts are advances totaling $$75,000$ to a salesman who had left Strawberry, Brent Ltd$,$ a debtor $$42,500$ and $$197,500$ being a percentage of sales deemed to be bad.

$3.$ Included in revenue is franked income $($net$)$ of $$2,500$

$4.$ Interest Payable as at December $31,2015$ was $175,000,$ and at the end of the current year $$140,000$

$5.$ Gross Interest $$200,000$ receivable at December $2015$ was received in $2016$ and at the end of the current year interest payable is $$425,000$

$6.$ Profit on disposal of fixed asset during the year was $$37,500$ and is included in income

$7.$ Capital allowances are as follows:

Initial Allowance $$45,000$

Annual Allowance $$235,000$

Balancing charge $$30,000$

$8.$ Strawberry ltd paid estimated tax of $$45,000$ for the year $2016$

$9.$ Tax deducted at source from interest income during the year was $$142,500$

$10.$ Included in foreign travel is $$77,500$ for the managing director$$s family.

Required:

Compute Strawberry$$s tax Liability for the year of assessment $2016.$