For the year 2020/21 tax year, Jepson Ltd, a resident large public company, has the following profit/loss

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Question:

For the year 2020/21 tax year, Jepson Ltd, a resident large public company, has the following profit/loss in relation to its income and expenses:
income:
Rental income received from tenants 160m
Fully franked distributions: resident public companies 15m

Unfranked distributions: resident public companies 10m 185m

Less expense:
interest in borrowings to purchase shares in public companies 85m 85m

Net income
$100m
(NB m=milion)
require:
In your responses below, ensure you state the appropriate legislation, tax rulings or common law cases to support the answer and calculation.
Determine the taxable income for jepson Ltd for the 2020/21 tax year.