Prepare the franking account for Congee Pty Ltd for the year ended 30 June 2023 using the information provided below.

Congee Pty Ltd is a resident company, which has recorded the following transactions:

Table 6 - Transactions

		$
12/08/2022	70% franked dividend received	32,000
28/09/2022	Partly franked dividend paid (85% franked)	52,290
20/10/2022	PAYG instalment paid	16,000
1/02/2023	Income Tax refund received	22,500
15/02/2023	PAYG instalment paid	16,000
16/03/2023	Foreign dividend received (no tax was withheld)	7,650
21/04/2023	PAYG instalment paid	10,000
9/06/2023	Partly franked dividend paid (45% franked)	43,155
21/06/2023	Fully franked dividend received	24,045

• Congee is not a small business entity.
• The entity had an opening franking account deficit of $16,400. The relevant franking account deficit tax was duly paid on 19 July 2022.
• The entity was not granted any variations to its benchmark franking percentage.