The Profit and Loss Account of Mr. Rahmans's sole-trader ship business results net income of Tk. 112,000 for the accounting year ended on June 30, 2017 as follows: RAHMAN TRADERS Profit and Loss Account For the year ended on June 30, 2017 Debit Taka Credit Taka Salary 540,000 Gross Profit 1,600,000 Commission 25,000 Interest on Securities 100,000 Gain on sale of Rent of Premises 150,000 furniture 40,000 Fund Embezzlement 24,000 Donations 180,000 Bad debt 75,000 Insurance Premium 48.000 Depreciation Expense- Equipment 80,000 Provision for income tax 48,000 Repair expense 20,000 Penalty and fine 73,000 Bonus 210,000 Royalty 100,000 Interest on Bank Loan 45,000 Household expense 10,000 Net Profit 112,000 Total 1.740.000 Total 1.740.000 Other Information: (a) Salary includes Tk. 130.000 paid to the owner (b) Fund embezzlement occurred during office hour (e) One third of the premise is used as residence by Mr. Rahman (d) Donations include Tk. 120,000 paid to a charitable hospital that is approved under Paragraph 11 A of Part B of the Sixth Schedule of ITO, 1984 (e) Tax depreciation amounts to Tk. 72,000 (f) of repair expense Tk. 5,000 is spent for the space used for residential purpose (g) The cost of the furniture was Tk. 85,000 and the amount of accumulated depreciation up to date of sale was Tk. 35,000 and sold for Tk. 90,000 Compute the income from business or profession of Mr. Rahman for the year ended on June 30, 2017