A company has a taxable TDs of $40 000 before taking into account unutilized cumulative assessed loss of $60 000. It is uncertain if future taxable profit will be available. Assume a tax rate of 29%. Required i) How much will be recognized as a deferred tax asset. ii) What will be the net deferred tax balance in that year. iii) Calculate the amount to be recognized as a tax asset in the next year, if taxable TDs increase by $30 000 and the loss remains at $60 000. (15 marks)