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7. Special Pty Ltd, a resident private company, was incorporated on 1 July 2015. From 1 July 2011 until 30 June 2017. it conducted a travel agency business. The company incurred the following trading losses for tax purposes: $15 000-year ended 30 June 2016, and $22 000-year ended 30 June 2017. In July 2013, the company discontinued its travel agency business, restructured and acquired a hotel-motel operation. The company's shareholdings of ordinary shares at the close of each financial year were as follows: Shareholders 2016 2017 2018 $ $ $ 100 100 B 100 100 100 300 300 0 0 400 200 500 900 A 100 0 D For the tax year ended 30 June 2018, the company reported taxable income of $35 000. Discuss the tax implications of the above events for Special Pty Ltd