Background information The profit before tax, reported in the statement of comprehensive income of Acme Lid for the year 2022 amounted to: 19,230,000 Subscription revenue 600,000 Government award income 1,081,000 Doubtful debts expense 120,000 Depreciation (Equipment) 781,200 Depreciation (Buildings) 192,000 Maintenance expense 540,000 Employee benefits expense 360,000 Rent expense 180,000 Entertainment expense 300,400 The draft statements of financial position of the company at 30 June 2022 and 2021 showed the following assets 2022 ($) 2021 ($) Assets Cash 1,261,000 1,382,000 Inventory 2.704,000 2.463,000 Accounts receivable 7,812,000 7.451,000 Allow ance for doubtful debts -624,000 -576,000 Prepaid rent 336,000 312,000 Equipment 7,812,000 7,812,000 Accumulated depreciation - Equipment -3,306,000 -3,124,800 Buildings 4,807,000 4,807,000 Accumulated depreciation - Buildings -1,923,000 -1,730,000 Land 3,004,000 3,004,000 Goodwill (net) 1,201,000 1,201,000 deferred tax asset ? 60,780 Liabilities Accounts payable 4.567,000 4,086,000 Provision for maintenance 361,000 721,000 Provision for employee benefits 661,000 480,000 Subscription received in advance 420,000 300,000 Deferred tax liability ? 0 Additional Information: Subscription revenue is tax assessable when it is received in cash Government aw ard income is not tak assessable Doubtful debts are tax deductible when the company actually inours bad debts write off For accounting purpose, the equipment is depreciated using the annual straight line method at a 10% For tax purpose, however, the equipment is depreciated using the annual straight line method at = 15% Depreciation of buildings is not allowed as tax deductions and goodwill is not tax assessable Employee benefits are tax deductible when they are paid in cash to the employees Rent expense and maintenance expense are tax deductible when paid in cash Entertainment expense is not allowed as tax deduction Assume a tax rate for the financial years ending 30 June 2021 and 2022 to be: 30% Required: Calculate the taxable incomertax loss and the current tax liability (if any) for the financial year ended 30 June 2022 Prepare a journal entry to recognise the current tax liabilityitax loss