X1 Enterprises reported an operating profit before tax of R1 800000 for the year of assessment ended 28 February 2024. The company is subject to normal taxation of \( 27 \% \) after considering the following transactions: 1. The following donations were made during the current year of assessment: - On 1 September 2023 a payment of R10 000 was made to a registered PBO and the appropriate recaipt was filed. Taxable income amounted to R85 000 on this date. - On 5 December 2023 a payment of R2 000 was made to a registered PBO, on which date the taxable income amounted to R115 000. - On 10 January 2024, R12 000 was paid to a registered PBO when taxable income amounted to R110 000. 2. X1 Enterprises issued 100 equity shares to each of its 30 employees as part of a broad-based employee share plan. Employees are required to pay R50 per share, while the market value of each share was R125 at the time of issuance. 3. On 1 January 2024, X1 Enterprises entered into two three-year learnership agreements with employees. Seth, one of the employees, holds an NQF 6 qualification, and the other, Ariella, holds an NQF 8 qualification. Ariella has a defined disability. 4. X1 Enterprises, with a February year-end, entered into a restraint of trade agreement following the termination of its Legal Director's employment. The company made a payment of R1 000000 on 27 February 2024, intiating a restraint period of forty-eight months. The payment is taxable to the former employee. 5. X1 Enterprises paid a monthly insurance premium of R2 000 for six months of the assessment year, in respect of a life insurance policy taken out on key personnel. The HR department recorded the fringe benefit on the affected key personnel's IRP 5 s. 6. Annuities were paid to the following individuals during the current year of assessment: 7. During the audit of the tax records for the year of assessment ending 28 February 2023 the assessed loss of R62 000 was confirmed. You are required to: Calculate the tax liabiity of X1 Enterprises for the 2024 year of assessment. Include all workings and calculations.