Nizwa Food Processing Company is an Omani Establishment. Their trading results for the year ending 31st Dec,

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Question:

Nizwa Food Processing Company is an Omani Establishment. Their trading results for the year ending 31st Dec, 2019 shows profit of RO 160,000.
The following additional information is also given:
1. The company owned prefabricated building cost OMR 24,000. Company charged OMR 4,500 depreciation expense on it.
2. Company purchased 2 laptops cost OMR 250 each for its employee. The accountant expensed the cost of laptops.
3. The opening and closing inventories are overvalued by OMR 130 and OMR 580 respectively.
4. Company made a donation on the occasion of National Day of OMR 4,500. The gross income of the company was OMR 100,000.
5. Company recovered its bad debts of OMR 695. Such bad debts in its concerned year were not allowed as deductible expenses and even not included in this current year profit.
6. Advertisement expenses are charged OMR 6,400 out of which only OMR 4,600 Secretariat General declared appropriate.
7. Laptop purchased for owner’s daughter that cost OMR 1,090 is shown as asset in the Balance of the company and charged the deprecation at 33.33%.
8. The company owned permanent building cost OMR 124,000. Company charged OMR 5,000 depreciation expense on it.

Requirement:
(1) Calculate Income chargeable to tax.

(2) Calculate the tax liability of the company.