3 In the year 2013, PQR Corporation had the following items of income, expense, gains, and losses: (2 mark) Particulars

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3 In the year 2013, PQR Corporation had the following items of income, expense, gains, and losses: (2 mark)
Particulars
Amount in $
Sales
2,000,000
Account payable
600,000
Interest on savings account
56,000
Plant & Machinery
600,000
Equipment
300,000
Operating expenses
400,000
Furniture and Fixture
400,000
Gain on sale of AT&T stock
24,000
Loss on sale of IBM stock
60,000
Building
400,000
Motor vehicle
200,000
Cost of sales
1,080,000
What is taxable income of PQR Corporation’s for the year?
Answer: -