A The following figures appeared in W Ltd's statement of financial position at 31 March 2013:

Current liability - corporation tax $£ 600,000$

Deferred taxation During the year ended 31 March 2014, W Ltd made a payment of $£ 520,000$ to Revenue and Customs in settlement of the company's corporation tax for the year ended 31 March 2013. Dividend payments totalling $£ 60,000$ were made during the year ended 31 March 2013 and a further dividend of $£ 200,000$ had been proposed at the year end.

Two dividend payments were made during the year ended 31 March 2014. A payment of $£ 200,000$ was made for the final dividend for the year ended 31 March 2013. An interim dividend of $£ 40,000$ was paid for the year ended 31 March 2014. These payments were made in May 2013 and September 2013 respectively. The directors have provided a final dividend of $£ 240,000$ for the year ended 31 March 2014. 2013.

W Ltd received a dividend of $£ 12,000$ from a UK quoted company. This was received in August W Ltd's tax advisers believe that corporation tax of $£ 740,000$ will be charged on the company's profits for the year ended 31 March 2014. This amount is net of the tax relief of $£ 104,000$ which should be granted in respect of the exceptional loss which the company incurred during the year. It has been assumed that corporation tax will be charged at a rate of $35 \%$. The basic rate of income tax was $25 \%$.

It has been decided that the provision for deferred tax should be increased by $£ 20,000$. No provision is to be made in respect of timing differences of $£ 400,000$.

You are required:

(a) to prepare the note which will support the figure for the provision for corporation tax in W Ltd's published income statement for the year ended 31 March 2014;

(b) to calculate the liability for corporation tax which will appear in $\mathrm{W}$ Ltd's published statement of financial position at 31 March 2014;

(c) to prepare the deferred tax note which will support the figure for the liability which will appear in W Ltd's published statement of financial position at 31 March 2014.