2. The National Bread Company has the following assets and liabilities recorded in its balance sheet at December 31, 2020: Carrying value ($ million) Property 20 Plant and equipment 10 Inventory 8 Trade receivables 6 Trade payables 12 Cash 4 The value for tax purposes of property and for plant and equipment are $14 million and $8 million respectively. The entity has made a provision for inventory obsolescence of $4 million, which is not allowable for tax purposes until the inventory is sold. Further, an impairment charge against trade receivables of $2 million has been made. This charge does not relate to any specific trade receivable but to the entity's assessment of the overall collectibility of the amount. This charge will not be allowed in the current year for tax purposes but will be allowed in the future. Income tax paid is at 15%. Required: Calculate the deferred tax provision at December 31, 2020 (20 marks)