Bend-it Physio Pty Ltd Profit & Loss Statement for the year ended 30th June 20XX Income Sales Less: Cost off sales Net Sales Your cochwc, co 250,00 0 (118,49 0) 131,51 0 Other Income Dividends 4,780 Interest income 6,480 Total Other Income Gross Profit 11,260 142,77 0 Expenses Accounting Fees 3,000 Advertising 6,230 Bank Charges 1,297 Lighting and Heating 2,368 Motor Vehicle Expenses 3,000 Printing, Postage and Stationery 7,056 Bad debts written off 1,800 Rent 24,000 Salaries and Wages 45,000 Speeding tickets Depreciation Legal ffees Total Expenses Accounting Net Profit Before Tax 120 9,047 9,900 112,81 8 29,952 Required Using the Proffit & Loss Statement and the notes above, prepare the tax calculation ffor the year ended 30th June 20XX, including the total income tax payable by Bend-it Physio Pty Ltd. Assume ffor the purposes off this assessment that the company tax rate off 25% applies. You must include your workings. Tax calculation 20XX Accounting Net Profit Before Tax Add Back Non-Allowable Deductions