Antiques Pty Ltd made three frankable distributions during the 2020/21 franking period as follows: . . December 2020: $100,000 which is franked to 60% April 2021: $140,000 which is franked to 50%, and June 2021: $180,000 which is franked to 80%. Required (16 marks) Advise Antiques Ltd of the tax consequences (if any) for breaching the benchmark franking rule and franking deficit tax during the 2020/2021 franking period. Opening balance on July 2020 was $8,000 credit.