12.4 Calculation of current tax LO3, 4 Haden Ltd recorded an accounting profit before tax of S100000 for the year ended 30 June 2022. Included in the accounting profit were the following items of revenue and expense. Entertainment expenses (non-deductible) Depreciation expense-vehicles (10% pa, straight-line) Rent revenue $ 2000 17000 2500 For tax purposes the following applied: Depreciation rate - vehicles Rent received ncome tax rate 15% $3000 30% Required I. Use a current tax worksheet to calculate the current tax liability for the year ended 30 June 2022. Prepare the adjusting journal entry. 2. Explain the future tax effect of the adjustment made in requirement 1 for rent revenue/received