Assume a year end of $31$ December $2022$ and a tax rate of $30\%.$ Calculate the entry necessary to the Deferred Tax account for the following:

Donohoe plc has a deferred tax provision of $29,500$ on $31$ December $2021.$ At $31$ December $2021$ Donohoe plc$,$ had plant and equipment which had a cost of $800,000.$ Depreciation to that date amounted to $300,000$ while capital allowance amounted to $535,000.$ During $2022,$ depreciation of $144,000$ was charged on this plant and equipment and capital allowances of $98,000$ was available.