10.2 Laura started a business on 1 July 2009. Her adjusted trading profit for the year to 30 June 2010 (before deduction of capital allowances) was £89,700. Her purchases of plant and machinery during the year were as follows:

£

1 July 2009 Bought machinery 76,400 1 July 2009 Bought motor car (emissions 178g/km) 15,000 1 August 2009 Bought machinery 4,000 31 May 2010 Bought machinery 6,600 Compute her trading income for the first two tax years, assuming 40% private use of the car by Laura. Also compute the amount of any overlap profits.