The basic profit and los. accounting figures) of a company are presented below for the current tax year

The basic profit and IOS. accounting figures) of a c-mpany are presentea below for the crrent tax year ANC WSS STATEMENT Net Australian aividend LESS I ..F ENSES Accounting depreciati _ n fcr d-ubtful aeots Pro .'ision f_r LSL neliday pay Capital e.enditure Non-deductible donations Income taxes F3T Rent Wa..es 300 so 25 25 50 50 200 I,ooo S' uoo 2,2. 700 4,000 1,900 ACCOUNTING PROFIT AS PER AC COUNT Notes: 2. 3. 4. Tax depreciation _ ad debts written off Exempt income (included in F rior year losses $150 $200 s 200 REOUIRED Calculate the con.panys taxab!e ire-me ant. net -a: payable. Ali numbers are exclusive of GS' . rou should briLfly exp.a.n your t E-atme: or tne tems in tins questicn. cor examplv. Item S' 000 onfe e expensv Explanatio. )eductible - s. 8-1. expe se inccwed in the production of assessable income. - Finn v C