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Arena Enterprise was an electronic trading enterprise, owned by Encik Marsuraidi. The following income statement was extracted from the books of Arena Enterprise for the year ended $31$ December $2023.$

Arena Enterprise

Income Statement for the year ended $31$ December $2023$

$\backslash$table$[[,,$RM$,$RM$],[$Sales$,,,700,000],[$less: Cost of goods sold,$1,,(250,000)$

Rent:

The owner occupied the top floor of the $2$ storey shop house.

Rental expenses were based on $1$:$1$ ratio.

Utilities:

Only $20\%$ of the expenses was related to the business.

General expenses:

$40\%$ of the general expenses was for private purpose.

$\backslash$table$[[8.,$Repairs and maintenance comprise:,RM$],[,$Ground floor,$800],[,$Top floor,$2,400],[,,3,200]]$

Insurance comprises :

Insurance on motor vehicle used in the business

RM$3,000$

Fire insurance premium on wife's business premise

RM$1,500$

Insurance on the owner's life policy

RM$1,000$

Motor vehicle expenses:

One third $(1/3)$ of the expenses was for private use and the balance was used to service the business motor vehicles $.$

Medical expenses comprise:

Zakat and tax comprise:

$RM$

Business zakat $3,000$

Owner's income tax $3,000$

Required:

Compute the statutory business income of Arena Enterprise for the year of assessment $2023.$

$(20$ mark$)$

$($Total : $30$ marks$)$

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