Yankers Enterprises Pty Ltd sells training course materials to organisations. The materials are imported from a United States-based course developer and on-sold for a profit. Yankers provides you with the following information for the purposes of preparing its income tax return for the CIY:

Sales$790,000

Less;Cost of goods sold

Opening stock$120,000

Plus:purchases$610,000

Less:closing stock$150,000$580,000

Gross profit$210,000

What is Yankers Enterprises'assessable incomefor the current income tax year?