ThumbsUp Limited and Allstars Limited are both residents of the Republic of South Africa. These two companies are not connected persons. During ThumbsUp Limiteds 2022 year of assessment, ThumbsUp Limited acquired trading stock from Allstars Limited for no consideration. This stock cost Allys Limited R340 000 (with a market value of R370 000). During ThumbsUp Limiteds 2023 year of assessment, ThumbsUp Limited sold this trading stock for R380 000.

REQUIRED: Calculate the taxable incomes, as far as they relate to the above transactions, of both ThumbsUp Limited and Allys Limited for their 2022 and 2023 years of assessment. Ignore value-added tax.