The following is DOZO Co. annual financial reports at 31/12/2022 (KD-000):

Net income of the year is 1.65m.

Allowance for accounts receivables of the year is based on 12% which totalled to 47500.

Allowance for doubtful debts is higher than the set rates by tax authority by 3%.

Government subsidies totalling 150,000 enjoyed by the company during the year has net been deducted nor added to reported income.

Minor office equipment costing 5230 has been incurred and deducted in full on this year, while the allowed rate for this type of assets is max 14%.

It was found that among incurred expenses over 117,500 reserves for expected decrease in securities held for investment.

The company has taken over 24350 for contingent income tax liability of the year.

Over 32000 was incurred for Zakat provision of the year.

Provision against early retirement is 100,000 which should not exceed 40000 as per tax by-laws.

Tax liability of the year 2021 was 107350, half of it was paid early February 2022 and 25% of it was incurred as payable expenses of this year.

Inventory at the beginning of the year was 2000 unit@ 10KD, then the company purchased 4000 unit @ 12KD, 3000 unit @ 13.5KD, and finally 4500 unit @15KD. While sold units were 5000 in March @25KD per unit, and 10000 @ 34KD per unit. Also, the company made a quick purchase of 2750 unit @ 17KD, which lately were sold @45KD per unit in Dec.

FIFO inventory system until the second quarter of the year, then shifted to LIFO which is not permitted by tax administration.

Required.

Prepare the tax inspection proforma of Dozo Co. for the year 2022?