The accounting profit before tax of Carlton Ltd for the year ended 30 June 2020 is $87,000. Government grant (non-taxable) S3 000 Long service leave expense Doubtful debts expense 3 500 2 100 Depreciation expense- plant 33 000 Entertainment expense (non-deductible) 3 000 The draft statement of financial position as at 30 June 2020 included the following assets and liabilities. 2020 2019 Cash $9 000 S7 500 Accounts receivable 41 500 38 400 Allowance for doubtful debts (2 500) (1 600) Inventories 67 100 58 300 Plant 220 000 220 000 Accumulated depreciation-plant (99 000) (66 000) Deferred tax asset 32 350 Accounts payable 71 200 73 600 Provision for long service leave 32 000 30 000 Deferred tax liability ? 900 Additional information: The accounting depreciation rate for plant is 15% p.a., whereas the tax depreciation rate for plant is 20% p.a., both straight-line with residual value of zero. The tax rate is 30%. The company has $10,000 in tax losses carried forward from the previous year. A deferred tax asset was recognised for these losses. Taxation legislation allows such losses to be offset against future taxable profit. The company has already made income tax instalments of 15,000 for the year ended 30 June 2020. Q4.1 Complete the following deferred tax worksheet for the items listed below for the year ended 30 June 2020. Carrying ase Deductible Temporary Differences ble Temporary Differences FTA FDA Amount Accounts receivable Plant Provision for long service leave Q4.2 5 Points List the journal entries that Carlton Ltd needs to make to recognise the current tax and adjust deferred tax accounts as at 30 June 2020 in accordance with AASB 112 Income Taxes.