QUESTION $5(20$ MARKS$)5\mathrm{.}1$ A nnex Limited commenced with trade on $1$ December $2024$ and incurred the listed expenses before trade commenced. Calculate the taxable income for the current year of assessment if the trading income amounted to R$94700.$ Purchase of small storage area $25000$ Rates and Taxes $1$ April $2024$ to $30$ June $202426501$ July $2024$ to $28$ February $20257480$ Other trading expenses $44070(5$ Marks$)5\mathrm{.}2$ B edford Limited has a list of doubtful debts, not older than $120$ days. Determine the impact of the doubtful debts on taxable income in accordance with the deductions and allowances stipulated under the Income Tax Act. Previous Year $52850$ Current Year $48725(5$ Marks$)5\mathrm{.}3$ Y ellow Trading reported total sales revenue of R$450000$ for the assessment year ending $28$ February $2025.$ After reviewing the financial records, it was determined that the company's total taxdeductible expenses for the year amounted to R$165000.$ In addition to its operating activities, Yellow Trading engaged in several investment transactions involving the sale of shares. The company realized a profit of R$35000$ from the sale of shares in Red Limited and a profit of R$18000$ from the sale of shares in Green Incorporated. However, a loss of R$26000$ was incurred on the sale of shares in Blue Traders. Yellow Trading is a South African registered company and subject to $27\%$ tax. Calculate the total tax liability of Yellow Trading for the $2025$ year of assessment, bearing in mind that provisional tax of R$35000$ was paid during the year. $(6$ Marks$)5\mathrm{.}4$ F or the year ended $28$ February $2022,$ Approximate Limited reported gross income of R$315000$ and expenses of R$318500.$ In the $2023$ assessment year, the company had gross income of R$355250$ and expenses of R$295500.$ In the $2024$ assessment year, gross income amounted to R$370000,$ while expenses totalled R$335000.$ Calculate the taxable income$/$assessed losses for the years of assessment. $(4$ Marks$)$