The following is the income statement of Axe Ltd for the financial year ending 28 February 2023: Sales from services rendered R950 000 Cost of services rendered R400 000 Other operating income R95 000 Exempt income R15 000 Operating expenses R300 000 Non-deductible expenses R65 000 The taxable portion of capital gains R40 000 Provisional tax paid during the year R85 000