You are a Namibian Tax expert who recently graduated from the University of Namibia. Your old high school friend, Tom Lee, who has very limited knowledge of tax owns ABC Limited, a company incorporated and effectively managed in the Republic of Namibia. ABC Limited purchased trading stock from Better Days Ltd, one of their significant suppliers located in Eastern America. The order of the trading stock was placed on 01 September 2021 at the cost of N$ 25 000. These goods were shipped free on board on 31 September 2021. Due to delays caused by the Covid-19 pandemic, this trading stock only arrived at the company warehouse on 15 February 2022. The company made full payment of both cost and the shipping feed on 15 March 2022. as at the end of the year, ABC Limited only managed to sell 65% of the trading stock from Bettet days Ltd. The year-end of assessment for ABC Traders 31 March 2022. The applicable exchange rates on the relevant rates on the relevant dated were as follow: 1 September 2021= N$11.00 1September 2021=N$11.50 30 November 2021= N$ 12.50 28 February 2022= N$ 11.75 15 March 2022= N$ 12 Tom Lee is busy filling the income tax return for the current year and is not sure what the tax implications of the above transactions will be on the taxable income of his company. Bases on the above, write an email to your friend in which you explain to him the effects of the above transactions on the taxable income for ABC Limited for the year of assessment ended 2022. Support your discussion with all the applicable calculations as well as sections of the income tax Act. logical layout and clarity of expression(2)