The statement of profit or loss for Blue Cross (Pty) Ltd for the financial year ended 28 February 2019 is as follows: R Sales (note 1) R2000 000 Cost of sales R(800 000) Gross profit R1200 000 Salaries R(450 000) Depreciation (note 3) R (100 000) Repairs R(15 000) Profit from the sale of machinery (note 4) R30 000 Local dividends received R35 000 Interest received R28 000 Profit before tax R728 000 Note 1 Blue Cross (Pty) Ltd received a payment in advance of R40 000 from a customer. At year-end the goods still had to be delivered to the customer. This amount has not yet been recognised as revenue for accounting purposes. Note 2 Blue Cross (Pty) Ltd entered into learner ship agreements that qualify for allowances in terms of s 12H. The allowance amounts to R60 000. Note 3 The equipment qualified for an accelerated allowance of R150 000 in terms of s 12C during the 2019 year of assessment. Note 4 The machinery was sold for R320 000 on 30 August 2018. The recoupment of allowance for tax purposes amounted to R20 000. A capital gain of R50 000 arose on the disposal. Calculate the normal taxable payable by Blue Cross (Pty) Ltd for year of assessment ended on 28 February 2019.