Timba Sdn. Bhd. ends it accounting period on 31 October annually. It is involving in the timber extraction business after getting a license to commence its operation. The following expenditure incurred by the company: Date 2 March 2017 15 April 2017 6 Nov 2017 4 May 2018 Expenditure Construction of a road Purchase of plant and machinery Construction of labor quarter Construction of an office building RM 56,000 102,000 87,000 98.000 On 26 February 2020, Timba Sdn. Bhd. ceased its operation and sold off all the assets except office building to Neo Sdn. Bhd. for RM 400,000. Required: Calculate the forest allowance and forest charge (if any) due to Timba Sdn. Bhd. for the relevant years of assessment under each of the following circumstances. The company did not make an election under Paragraph 32 (1) Schedule 3 of the Income Tax Act 1967 (as amended) (10 marks) Timba Sdn. Bhd. ends it accounting period on 31 October annually. It is involving in the timber extraction business after getting a license to commence its operation. The following expenditure incurred by the company: Date 2 March 2017 15 April 2017 6 Nov 2017 4 May 2018 Expenditure Construction of a road Purchase of plant and machinery Construction of labor quarter Construction of an office building RM 56,000 102,000 87,000 98.000 On 26 February 2020, Timba Sdn. Bhd. ceased its operation and sold off all the assets except office building to Neo Sdn. Bhd. for RM 400,000. Required: Calculate the forest allowance and forest charge (if any) due to Timba Sdn. Bhd. for the relevant years of assessment under each of the following circumstances. The company did not make an election under Paragraph 32 (1) Schedule 3 of the Income Tax Act 1967 (as amended) (10 marks)