tax

- On t. duly 2022t, the company received an untranked dividend of $10,000 - On 5 August 2021 , it paid a divionend of $2.0,000 frarked to 70. - On 15 Septernber 2021 it recelved a dividend at 515.000 fally franked - It had a $40,000 PAYG inutaiment due 28 Fobruary 2022 and was paid bofore the due date - On 25 March 2022, it paid a dividend of $25.000 franked to 60% - On 15 May 2022, a lovan to a shareholder was deemed to be a cividend. The amount was $20,000 - It fad a $40,000 PAYG instalment due 30 June 2022 and paid the instaiment on 10 July 2022 REQUIRED: Prepare the Company's franking account for the 2022 income year. Justify your calculations using legistation and case lave. (10 Marks)