A Ltd. abstracts of Statement of P/L and Statement of Financial Position in 2021 were as follows: Sales revenue 668,000 Rent revenue 25,000 COS 415,000 Impairment of goodwill expense 7,000 Depreciation expense-equipment (15%) 39,000 Entertainment expense 12,000 Insurance expense 24,000 Bad debts expense 13,000 Annual leave expense 27,000 Interest expense 10,000 Profit before tax 146,000 2021/12/31 2020/12/31 $ Assets Cash 53,000 61,000 Accounts receivable 295,000 277,000 Allowance for doubtful debts (16,000) (13,500) Inventories 162,000 183,000 Prepaid insurance 30,000 25,000 Rent receivable 3,700 4,800 Development project 120,000 Equipment at cost 200,000 260,000 Accumulated depreciation (90,000) (78,000) Goodwill at cost 35,000 35.000 Accumulated impairment expense (14,000) (7,000) Deferred tax asset ? 23,550 Liabilities Accounts payable 243,000 235,000 Provision for annual leave 61,000 65,000 Mortgage loan (8%) 100,000 150,000 Interest payable 5,000 8,000 Deferred tax liability ? 46,110 Current tax liability 11,600 12.500 Additional information: (1) Taxation legislation allows A Ltd to deduct 125% of the $120 000 spent on development during the year. (2) The taxation depreciation rate for equipment is 20%. (3) The equipment sold on 31 December 2021 cost $60,000 when it was purchased 3 years ago. The carrying amount at time of sale was $33,000. Proceeds on sale were $30 000. (4) Bad debts are deductible for tax purposes when they are written off. (5) Neither entertainment expenditure nor goodwill impairment expense is deductible for taxation purposes. (6) Rent revenue, insurance expense, and annual leave expense are based on cash basis for tax purpose. (7) The company income tax rate is 30%. Required: (1) Calculate current tax for the year ended 31 December 2021. (2) Calculate deferred tax for the year ended 31 December 2021. (3) Prepare journal entries for income tax. (4) Prepare operating sections of SCF using indirect method