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Thelma starts to trade on 1 March 2019. Her first accounts, covering the 16 months to 30 June 2020, show a profit of 36,000. Required:

Thelma starts to trade on 1 March 2019. Her first accounts, covering the 16 months to 30 June 2020, show a profit of 36,000.

Required:

Show the taxable profits for the first three years and the overlap profits.

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