Utopia Ltd made the two provisional tax payments during the current year amounting to a total R850 000 However, Utopia Ltd still owes R150 000 income tax to SARS at the end of the current financial year. There were no outstanding balances relating to income tax at the end of the previous financial year. The following information was also obtained from the accounting records: R250 000 Depreciation Wear and tear R350 000 R75 000 Dividends received R25 000 VAT control R15 000 Traffic fines The income tax rate and VAT rate is 28% and 15% respectively. Required: Calculate Utopia Ltds' accounting profit before tax for the current financial year. Utopia Ltd made the two provisional tax payments during the current year amounting to a total R850 000 However, Utopia Ltd still owes R150 000 income tax to SARS at the end of the current financial year. There were no outstanding balances relating to income tax at the end of the previous financial year. The following information was also obtained from the accounting records: R250 000 Depreciation Wear and tear R350 000 R75 000 Dividends received R25 000 VAT control R15 000 Traffic fines The income tax rate and VAT rate is 28% and 15% respectively. Required: Calculate Utopia Ltds' accounting profit before tax for the current financial year