1. Current and deferred tax and disclosure The following data were obtained for Maroon Ltd: 1. Deferred tax liability on 1 July 2019, $90000 2. Deferred tax asset on 1 July 2019, $15000 3. Taxable Income for the year ended 30 June 2020, $150000 4. Cumulative taxable temporary difference as at 30 June 2020, $306000 5. Cumulative deductible temporary differences as at 30th June 2020, $70000 6. No other differences exist. 7. Tax rate is 30% 8. The company is expected to conduct profitable operations in the future Required: A. Calculate accounting profit before tax for the year ended 30 June 2020. B. Prepare journal entries to record income tax expense, and current and deferred tax liabilities, assuming that deferred tax assets and liabilities are offset, for the year ended 30 June 2020. C. Prepare the income tax section of the statement of comprehensive income for the year ended 30 June 2020, and show the note disclosing current and deferred components of income tax expense.