Wendy House (Pty) Ltd manufactures and sells wooden houses and is not a small business corporation as defined. The following is a draft statement of comprehensive income for its year of assessment ending 31 March 2022. All amounts exclude VAT, unless stated otherwise: Sales 6 883 212 Less: Cost of sales (note 1) (1 879 500) Gross profit 5 003 712 Other income Interest received 150 000 Insurance proceeds (note 4) 45 000 Less: Expenses Depreciation (note 5) 148 878 Interest paid on mortgage bond 60 000 Other expenses (deductible for tax purposes) 473 698 Loss of profits from machinery sold 15 months ago 360 000 Notes: 1) Purchases amounted to R1 973 000 opening stock and closing stock were R202 500 and R296 000 respectively. The market value of the stock has never been below its cost. 2) Local interest of R150 000 accrued during the 2022 year of assessment. 3) The company sold an office building on 30 December 2021 for R5 500 000. This office building was acquired in 2006 for R2 800 000. In addition to the acquisition cost, a transfer cost of R125 000 was paid to the lawyer, a valuation cost of R55 000 was paid to value the building and improvements of R780 000 was made to the building. 4) In the early hours of the morning of 1 April 2021 a fire destroyed Machine A. The following amounts were received from the insurer: Loss of profits due to the fire = R28 000 Loss of stock destroyed during the fire = R17 000. 5) Depreciation was calculated as follows on the following assets: Delivery vehicle on hand as at 1 April 2021 = R85 000 (Purchased on 5 June 2020) Delivery vehicle purchased and brought into use on 1 November 2021 = R120 000. 6) The company had an assessed loss of R260 000 from the previous year of assessment and due to this assessed loss SARS had still owed them a refund of R25 000 due to the provisional payment that had been made. You are required to calculate the total tax due to SARS for the year of assessment ending 31 March 2022. (Assume a tax rate of 28%)