A company has a provision for long service leave for 35,000. In the same year, the company paid out $5000 in Long service leave to one of its long serving employees. Required a) What is the amount of the temporary difference? b) Does this difference give rise to a deferred tax asset or a deferred tax liability? What is the amount of this deferred tax asset/liability? The tax rate is 30 percent. c) Describe the accounting and tax treatment of the $5000 payment in the current year.