Trading stock is regarded as a revenue asset. Lux Cars $($Pty$)$ Ltd$,$ a company operating as a retailer of motor vehicles, purchased a motor vehicle in January $2023$ for R$650000($net of VAT$)$ and sells it in March $2023$ for R$720000($net of VAT$).$ The company$$s year of assessment ends on the last day of February each year.

Required: Show the effect on taxable income of the above transactions for Lux Cars $($Pty$)$ Ltd for the $2023$ and $2024$ years of assessment.