Heshima Ltd$.$ Commenced operation on $1$ January $2023$ after incurring the following expenditure:

Factory Building

Processing Machinery

Furniture and Fittings

Boilers

Staff quarters

Heavy Duty Forklift

Staff Canteen

Saloon Car

Delivery Van

Go Down

Tractor

Lorry $(3\mathrm{.}5$ tonnes$)$

Computers

Staff clinic

sh$.$

$4,500,000$

$1,200,000$

$320,000$

$920,000$

$780,000$

$720,000$

$540,000$

$2,500,000$

$2,800,000$

$860,000$

$3,200,000$

$2,400,00$

$450,000$

$810,000$

Additional information:

Factory includes the cost of a showroom sh$.500,000$ and a retail shop sh$.400,000.$

A perimeter wall was constructed at a cost of sh$.827,000$ and put into use on $1$ April $2023.$

The go down and staff quarters were constructed at a cost of sh$.860,000$ and sh$.780,000$ respectively and put into use on $1$ October $2023$

On $1$ October $2023,$ the following assets were acquired:

Cost $($sh$).$

Conveyor belts $350,000$

Workshop maintenance machine $330,000$

Water pump $480,000$

Trailer for tractor $248,000$

Laptop computer $150,000$

In the year ending $31$ December $2023,$ the following assets were disposed of:

Sh$.$

Furniture $280,000$

Computers $720,000$

The salon car was traded in during the year with another vehicle costing sh$.3,000,000.$ The trade in value was sh$.1,800,000$

The income statement extract for the company for the year ending $31$ December $2023$ disclosed the following information:

Sh$.000$ sh$.000$

Sales $68,000$

Less: Cost of sales $(36,000)$

Gross profit $32,000$

Less: Selling Expenses $4,800$

Salaries and wages $1,940$

Depreciation $3,200$

Provision for bad debts $1,600$

Electricity and water $640$

Rent and rates $560$

Printing and stationery $720(13,460)$

Net profit $18,540$

Required:

Compute for Heshima Ltd$.$ For the year ending $31$ December $2023$

Investment allowances $(12$ marks$)$

Adjusted taxable profit $(3$ marks$)$