a) Puteri Salju Bhd has calculated its tax payable as RM75,400 for the year 2018. The opening balance in its deferred tax liability was RM56,000 and the year-end balance was determined to be RM66,000. Required: i. Discuss the accounting treatment of increase and decrease in deferred tax liability and calculate the tax expense of Puteri Salju Bhd. (CLO1:PLO2:C2)(3 marks) ii. Prepare journal entries to record the transaction (CLO1:PLO2:C3)(3 marks) b) On 18 January 2018, the deferred tax liability brought forward for Megaway Bhd was RM50,000. The following is the Statement of Financial Position (extract) for Megaway Bhd for the year 2018: Megaway Bhd Statements of Financial Position (extract) as at 31" December 2018 RM RM RM Cost Accumulated depreciation NBV Non-current assets Plant Equipment Research and development 2,000,000 1,200,000 450,000 (600,000) 1,400,000 (360,000) 840,000 (200,000) 250,000 Current liabilities Provision for warranties 66,000 Additional information: i. Plant is not given any tax relief or capital allowances ii. Tax depreciated value of equipment was RM180,000 iii. Tax rule allows full deduction for research and development when incurred iv. Tax rule allow cash spent on actual repairs and refunds on warranties given v. Tax rate is 25% Required: Calculate the amount deferred tax charges in the Statement of Profit or Loss