b) Notes and workings accompanying the tax return Information statement: Calculation of total profit or loss ITEM C - OTHER SALES OF GOODS AND SERVICES $ Sales of restaurant meals 1,083,000 Sales of catering services 432,200 Total 1,515,200 ITEM G - GROSS RENT AND OTHER LEASING INCOME $ Rental income from subletting restaurant building 100,000 Rental income from residential properties 80,000 Total 180,000 * Note - a further $11,000 of rent from residential tenants was received in advance as at 30 June 2025 ITEM H - DIVIDENDS $ Dividends from base rate entities (fully franked) 8,000 Dividends from listed companies (fully franked) 44,000 Total 52,000 ITEM I - FRINGE BENEFIT EMPLOYEES CONTRIBUTIONS $ Contribution to car benefit provided to Maggie 7,000 Total 7,000 Page | 7 Kaplan Business School Assessment 3 Data 2024 T3 ITEM R - OTHER GROSS INCOME $ Gain on sale of residential property (1) 350,000 Gain on sale of restaurant furniture (2) 60,000 Total 410,000 * Note - (1) Residential property above was purchased for $700,000 during December 2021 and sold during June 2025 for $1,050,000 (2) The gain on sale of restaurant furniture was based on accounting values. Taxation values result in a balancing adjustment