The Minden Family Trust (not of the estate of a deceased person) which is a complying trust in New Zealand has the following investments in foreign companies for the year ended 31 March 2020:

Malaysian company (incorporated in Malaysia)

5 April 2019 Bought 30,000 shares for $19,000.

30 May 2019 Bought 20,000 shares for $15,000.

25th Feb 2020 Sold all 50,000 shares for $60,000.

UK Company (incorporated in United Kingdom)

1 April 2019 15,000 shares with a market value of $10,000. These shares originally cost $5,000 bought in 2015.

31 Dec 2019 Received dividends of $1,500.

31 March 2020 Market value of shares in UK Company is $5,000.

Australian Company (ASX-listed company incorporated in Australia, satisfies all of s EX 31 conditions)

1 April 2019 3,000 shares with a market value of $15,000. These shares originally cost $6,000 bought in 2015.

20 September 2019 Received dividends of $3,200.

31 March 2020 Market value of shares in Australian Company is $20,000.

REQUIRED: Based on the above scenario, you are required to explain and show how you calculate the 2019-20 Foreign Investment Fund (FIF) income for the Minden Family Trust. You are required to show all workings for the methods (and the formulas) that the Trust can use based on the information provided. You need to provide sections of the Income Tax Act 2007 to support your answers. All currency is expressed in New Zealand dollars and the balance date is 31 March.