Shaddick Corp., a public company following IFRS, began its 2020 fiscal year with a debit balance of $11,250 in its Income Tax Receivable account. During the year, Shaddick made quarterly income tax instalment payments of $8,100 each. In early June, a cheque was received from the Receiver General for Canada for Shaddick's overpayment of 2019 taxes. The refunded amount was exactly as Shaddick had calculated it would be on its 2019 income tax return. On completion of the 2020 income tax return, it was determined that Shaddick's income tax based on 2020 income was $37,800. 

Instructions 

a. Prepare all journal entries that are necessary to record the 2020 transactions and events. 

b. Indicate how the income tax will be reported on Shaddick's December 31, 2020 SFP. 

c. Assume that the cheque from the Receiver General for Canada in early June is for $2,750, instead of $11,250. The difference arose because of calculation errors on Shaddick's 2019 tax return. How would you account for the difference of $8,500? Where would it be shown on Shaddick's financial statements? 

d. Would any of your answers for parts (a) to (c) be different if ASPE had been followed?