(4 points) An extract from the records of a company discloses: Tax Base Carrying amount 15000 12000 Plant and machinery (net) Accounts receivable 8000 8000 Required: Prepare the genera/ journal entry to record the temporary difference assuming the tax rate is 30%. (8 points) Netloss before taxation is $7900. Anumber ofitems inthe profit and loss account have to be treated differently for taxation purposes. Details are Accounting records Taxation records 9000 Nil 10000 Nil Entertainment expenses Transfer to doubtful debts allowance Depreciation of machinery Transfer to long service leave provision 11000 16500 6000 Nil Tax base Carrying amount 44000 44000 Assets Plant and machinery - at cost Accumulated depreciation (11000) (16500) 33000 36000 27500 42000 Accounts receivable (net) Liabilities