(9 points) Net profit before taxation is $77000. A number of items in the profit and loss account have to be treated differently for taxation purposes. Details are: Accounting Taxation records records Nil Profit on asset sale Impairment of goodwill Transfer to provision for long service leave Depreciation of machinery 16000 8000 16000 Nil Nil 15000 17500 In addition an amount of $18000 for long service leave paid had been charged against the provision. This amount can now be claimed as a taxation deduction. Required: a) Prepare a statement to determine taxable income. b) Calculate the amount oftax payable. c) Show the general journal entry to adjust income tax expense, assuming PAYG instalments for $19 000 have already been remitted. Submit in excel (9 points) Jackson Ltd commenced trading on I July 20x7. For the year ending 30 June 20X8 net profit before tax was $92 000. A number of items in the profit and loss account have to be treated differently for taxation purposes. Details are: AccountingTaxation records records Nil Nil Exempt income Depreciation buildings Depreciation machinery Legal fees and fines Transfer to provision for warranty expense Transfer to provision for holiday pay 21000 12000 18000 14000 13000 36000 Nil Nil 56000 Nil Additional information 1. Warranty expenses paid and charged against the provision amounted to $8000. This amount can now be claimed as a taxation deduction. 2. Holiday pay paid and charged against the provision amounted to $52000. This amount can now be claimed as a taxation deduction. 3. PAYG income tax instalments paid during the year were