The following information relates to Kwanzari Savings and Credit Cooperative Society Ltd$.$ for the year ended $31$ December $2023.$

Sh$.\text{'}000\text{'}$ Sh$.\text{'}000\text{'}$

Income

Income from members loans $9,600$

Interest front fixed deposit accounts $2,400$

Interest from government infrastructure bonds $3,600$

Other investment income $1,500$

Rental income $3,200$

Interest from front office savings activity FOSA $1,000$

Dividends from Sapa Cooperative society Ltd $800$

Gross income $22,100$

Expenditure:

Administrative expenses $5,600$

Capital allowances $1,400$

Operating expenses $3,000(10,000)$

Surplus $12,100$

Additional information:

$1.$ The society paid dividends and bonuses to members amounting to Sh$\mathrm{.}6,500,000$ for the year ended $31$ December $2023.$

$2.$ Administrative expenses include:

Sh$.$

Salaries to officers directly involved in processing of members loans

Salary to caretaker of rental property

Purchase of computer soft ware $1,400,000$

$200,000$

$400,000$

$3.$ Operating expenses include depreciation of Sh$\mathrm{.}84,000$ and non$-$performing loans to members of Sh$.120,000$ which were written off.

$4.$ Other investment income includes interest from savings account of Sh$\mathrm{.}500,000.$

Required:

i$)$ Adjusted taxable profit or loss and tax liability for the year ended $31$ December $2023(6$ marks$).$