QUESTION TWO [30] Clueless Ltd is confused about how to calculate the normal tax for the company. The accountant had a correctly calculated profit before tax of R885 000 after taking into account. the following: Depreciation on office equipment of R88 000 in 2022. The local tax allowed the deduction of R76 000 wear and tear on this equipment in 2022. Rent income received in advance (taxable when received): 31 December 2021 - R6 500 31 December 2022 - R7 500 Insurance expense prepaid: 31 December 2021 - R3 000 31 December 2022 - R6 000 A profit on sale of machinery of R150 000. The machine was acquired on 01 January 2020 at a cost of R600 000 and sold on 31 December 2022. Depreciation is calculated at 25% p.a. straight line to a nil residual value. Wear and allowances of 20% p.a. straight line are granted (depreciation is already included above). 41 A non deductible traffic fine of R1 000. Dividends received of R60 000. The inclusion rate for capital gains made by companies is 66.6%. The applicable tax rate is 30% on taxable profits. There were no other temporary differences in the year. You are required to assist Clueless Ltd with disclosing the TAXATION NOTE.