The profit before tax, as reported in the Statement of Profit or Loss and Other Comprehensive Income for Seahorse Ltd for the year ended 30 June 20X1, amounted to $170,000, including the following revenue and expense items.

	$
Interest revenue	12,000
Doubtful debts expense	21,000
Insurance expense	19,000
Annual leave expense	31,000

Extracts from the Statement of Financial Position for the company at 30 June 20X1 showed the following assets and liabilities.

	20X1	20X0
Assets
Accounts receivable	314,000	419,000
Allowance for doubtful debts	(22,000)	(18,000)
Interest receivable	51,000	48,000
Prepaid insurance	23,000	15,000
Liabilities
Provision for annual leave	172,000	160,000

Additional information

• Interest is assessable for tax purposes when it is received.
• Debts are deductible for tax purposes when they are written off.
• Insurance is deductible for tax purposes when it is paid.
• Annual leave is deductible for tax purposes when it is paid.
• The tax rate is 30%.

Required:

Write in the box below the amount of income tax payable that would be recognised by Seahorse Ltd for the year ended 30 June 20X1, determined in accordance with the requirements of AASB 112: Income Taxes. In your answer, do not include any dollar signs, commas, spaces or decimals.