(a) Show the deferred tax calculation using the deferred tax worksheet and the deferred tax journals for 30 June 2018

(b)Calculate Hawaii Limited's income tax and show the income tax journals for the year ended 30 June 2019.

(c)Show the deferred tax calculation using the deferred tax worksheet and the deferred tax journals for 30 June19.

(d)Briefly discuss the treatment of deferred tax assets & tax losses in accordance with AASB 112.

At 30 June 2018, Hawaii Limited had the following balances: + Asset or liability Carrying amount Tax base + Computers at cost + 300 000 300 000 Accumulated depreciation + 60 000 100 000 Accounts receivable- 100 000. 100 000 Allowance for doubtful debts + 10 000. Provision for warranty costs 30 000 Provision for employee benefits (LSL) . 20 000 The following information is available for the year ended 30 June 2019.+ Statement of comprehensive income for Hawaii Limited for the year ended 30 June 2019, Revenue+ 4 000 000 Cost of goods sold expense - 1 800 000 Depreciation expense - 60 000 + Warranty expense + 90 000 + Bad and doubtful debts expense - 25 000+ Other expenses . 1 375 000 Profit before tax - 650 000 Hawaii Limited depreciates computers over five years in its accounting records but over three years for tax purposes. The straight-line method is used. During the year the company wrote off bad debts amounting to $15 000. Warranty costs of $70 000 were paid during the year. No amounts were paid for long-service leave during the year. " The following information is extracted from the statement of financial position at 30 June 2019:- Assets - Accounts receivable- 120 000- Allowance for doubtful debts 20 000 + Liabilities + Provision for warranty costs 50 000+ Provision for employee benefits (LSL) - 30 000+ No plant and equipment were purchased during the year and the tax rate at 30 June 2018 and 30 June 2019 was 30%. +