Kano Agro Limited, a company engaged in crop production, reported a net profit of ₦48,000,000 for the year ended 31 December. The following were included in the accounts: Depreciation ₦9,000,000; General provision for doubtful debts ₦1,500,000; Donation to a body listed in the Fifth Schedule to CITA ₦2,000,000; Fine paid to a regulatory agency ₦800,000; Profit on disposal of a motor vehicle ₦1,200,000 (credited to profit or loss). Capital allowances agreed for the year amount to ₦14,000,000. The company's gross turnover was ₦260,000,000. Required: (a) Compute the adjusted profit for the year. (8 marks) (b) Compute the assessable profit, total profit and companies income tax payable. (8 marks) (c) State the rate of tertiary education tax and the base on which it is charged. (4 marks)