XMAN Ltd commences operations on 1 July 2022 and presents its first statement of profit or loss and other comprehensive income and the first statement of financial position on 30 June 2023. XMAN Ltd's profit before tax for the year ended 30 June 2023 was 600,000 S The following information is available: Assets Accounts receivable 400,000 Machinery - cost 420,000 Prepaid rent 24,000 12 Liability Provision for long service leave 40,000 Provision for warranties 30,000 Interest Payable 10,000 Other information: None of the long service leave expense has actually been paid until 30th June 2023. $15,000 warranty claims have been paid until 30th June 2023 The machinery is depreciated over five years for accounting purposes, but over three years for taxation purposes. Entertainment expense included in the accounting profit is $2000 The tax rate is 30 per cent Calculate the taxable profit