Accounting question.

Question 3 Ming Tai Bhd has the following balances at 30 September 2020: Carrying amount RM Office building 1,640,000 Plant and equipment 1,470,000 (tax written down value RM850,000) Research and development 942,000 Inventory 218,000 Account receivable 624,000 (after a general allowance for receivables of 4% is provided) Accrued interest receivable - taxed on receipt 2,000 Provision for warranty 52,000 Rental received in advance - taxed on receipt 24,000 Accrued expenses- tax relief when payment 10,000 Accrued expenses - tax relief on charged 6,000 Loans 2,000,000 Additional information: (i) Accounting profit before tax for year ended 30 September 2020 was RM645,000. (ii) On 1 October 2019, the deferred tax liability brought forward for Ming Tai Bhd was RM380,000. Originating or reversal of deferred tax liability has not yet been accounted for. iii) The current year's taxable profit was RM546,000. (iv) Office building does not enjoy any tax relief or capital allowances. (v) At 30 September 2020, Ming Tai Bhd revalued a plant and the surplus on revaluation was RM90,000 . The remaining life of the plant is five years. (vi) The tax law allows all research and development costs to be written off immediately in computing taxable profits. (vii) Tax rules only allows specific allowance for receivables. (viii) The company provides for warranties on goods sold but the tax rule allows when reimbursements are made. (ix) The current tax rate is reduced from 25% to 22%. Required: (a) Prepare the deferred tax liability account. (3 marks) (b) Extracts statement of profit or loss and other comprehensive income for the year ended 30 September 2020 and statement of financial position as at that date. (14 marks) (17 Marks]