XMAN Ltd commences operations on $1$ July $2022$ and presents its first statement of profit or loss and other comprehensive income and the first statement of financial position on $30$ June $2023.$ XMAN Ltd$\text{'}$s profit before tax for the year ended $30$ June $2023$ was $600,000.$

The following information is available:

Assets

$\backslash$table$[[$Accounts receivable,$400,000],[$Machinery $-$ cost$,420,000],[$Prepaid rent,$24,000]]$

Liability

Provision for long service leave $,40,000$

Provision for warranties $,30,000$

Interest Payable $,10,000$

Other information:

None of the long service leave expense has actually been paid until ${30}^{th}$ June $2023.$

$$15,000$ warranty claims have been paid until ${30}^{th}$ June $2023$

The machinery is depreciated over five years for accounting purposes, but over three years for taxation purposes.

Entertainment expense included in the accounting profit is $$2000$

The tax rate is $30$ per cent.