The questions could follow the pictures please:

Lucy Winn is a builder. Due to the inherent risks in building, Lucy opts to trade as a (e) The Christmas party was held at the local pub for Lucy and her two employees company, Lucy Winn Lid, with herself as the sole shareholder and director. and their spouses. (f) This is a general provision in case some of the company's accounts receivable become uncollectible. No bad debts have been written off during the year. Lucy Winn Limited's statement of financial performance for the year to 31 March 2019 (g) The donation was made for the printing costs of the local firefighter's calendar. is as follows: Lucy Winn Ltd Statement of Financial Performance for the year ended 31 March 2019 Income $ Sales 740,000 As at 31 March 2019, Lucy Winn Lid has following assets: Interest 3,300 (a) Total income 743,300 Expenses Asset Purchase date Cost Accumulated Depreciation rate Cost of sales 430,200 depreciation DV) Depreciation 45,000 (b) (GST exclusive) at 1.4.18 Motor vehicle expenses 10,600 (c) FBT 5,600 (d) $216,00 $5,400 30% Christmas party 900 (e) Lexus car 15 March 2018 Doubtful debts expense 17,600 (f) Mazda BT-50 utility vehicle 1 April 2016 $100,000 $36,000 20% Donations 1,000 (g) Other expenses 52,400 Dropsaw 15 June 2017 $4,400 $1,834 67% Total expenses 563,300 Laptop computer 1 March 2018 $1,440 $992 50% Profit for the year 180,000 Tools 10 April 2016 $12,000 $3,532 67% Notes: The company is GST registered, and its financial year ends at 31 March. (a) Interest includes $924 of RWT All figures mentioned are GST exclusive, unless otherwise stated. (b) This is accounting depreciation (c) This includes all expenses relating to the motor vehicles as discussed below (d) FBT is paid by the company on Lucy's private use of the Lexus (in the fixed asset Additional information relating to Lucy Winn Limited's 31 March 2019 income year: register below). Provisional tax of $44,000 was paid for the year to 31 March 2019 in three equal instalments on 28 August 2018, 15 January 2019 and 7 May 2019. . Provisional tax of $14,400 was paid on 7 May 2018 in relation to the year ended 31 March 2018. Terminal tax of $5,350 was paid on 7 April 2018 in relation to the prior year's income tax liability. - On 31 March 2019, Lucy Winn Ltd declared a dividend of $46,000 will be paid to Lucy, after all taxes have been deducted. In other words, this is the cash amount Lucy is to receive. Questions: (a) Calculate the taxable income for Lucy Winn Limited for the year ended 31 March 2019. Start by using the prot from the statement of financial performance and make any necessary adjustments to get to the taxable income. (b) Calculate Lucy Winn Ltd's residual income tax (RIT) and terminal tax for the year ended 31 March 2019. Show all yourworkings. (c) Provisional tax. i. Discuss whether Lucy Winn Ltd is liable to pay provisional tax for the year ended 31 March 2020. Give reasons. (d) ii. Assuming Lucy Winn Ltd uses the standard uplift method, calculate the provi- sional tax payable for 31 March 2020. lmputation credits Lucy Winn Ltd keeps an imputation credit account. The balance as at 1 April 2018 is $87,340. Based on the information given above, calculate: i. The credits to the imputation credit account for the year to 31 March 2019; ii. The debits to the imputation credit account for the year to 31 March 2019; iii. The closing balance of the imputation creditaccount on 31 March 2019