Trade recivables for $2022$ are R$130000$

Allowances for credit losses for $2022$ are R$25000$

Trade Receivables for $2023$ are $150000$

Allowances for credit losses for $2023$ are $35000$

The SA Revenue Service allows $25\%$ of the allowance for credit losses as a deduction.Actual credit losess incurred are written off directly to the statement of profit or loss and other comprehensive income and not against the allowance for credit losses

Profit before tax

Included in profit before tax are the followinv line items

$$ Foreign income received from China of R$180000.$The foreign income is not taxable in South Africa in terms of a double taxation agreement. Ndlovu Jam Ltd paid foreign taxes of R$27000$ on this income

$$ Allowance for credit losses of R$10000$

$$ Sale of delivery vehicle for R$550000$

$$ Donation $($not tax deductible$)$ of R$13000$

$$ Depreciation of administration building of R$75000$

$$ Depreciation of delivery vehicle of R$230000$

$$ Insurance premium of R$84000$ paid for the year $1$ Noverber $2023$ to $31$ October $2024$

Using this information, calculate the correct profit before tax in the statement of profit or loss and other comprehensive income of Ndlovu Jam Ltd for the

ASSESSMENT $01($First semester$)(30$ marks

WRITTEN ASSESSMENT

Ndlovu Jam Ltd is a company specializing in the manufacturing of various types of jams and sauces.

The following is an extract of Nolovu Jam Ltd$\text{'}$s trial balance for the year ended $31$ December $2023$:

Sale of delivery vehicle $(\frac{P}{L})$ cording of sale of delivery vehicle

$3.$ Profit before tax

$4.$ Taxation