Bondi Ltd's accounting profit before tax for the year ended 30 June 2024 was $150000. At 30 June 2023 and 30 June 2024, the company's draft statements of financial position showed the following balances. - The company tax rate is assumed to be 30%. - During the year ended 30 June 2024, Bondi Ltd received a non-taxable royalty revenue of $20000. - Amounts received from sales, including those on credit terms, are taxed at the time the sale is made. Bondi Ltd recognised \$20 000 in bad debts expense during the year ended 30 June 2024. - Insurance expense incurred during the year ended 30 June 2024 was $20 000. The amounts paid in cash for insurance are allowed to be claimed as deductions for tax purposes. - The equipment is depreciated on a straight-line basis over 5 years for accounting purposes and over 4 years for taxation purposes. The equipment is not expected to have any residual value. The only movement in the equipment account during the year ended 30 June 2024 was a result of Bondi Ltd acquiring a new equipment on 1 January 2024. - The buildings are depreciated on a straight line basis over 20 years for accounting purposes and are not expected to have any residual value. Depreciation of buildings is not allowed to be claimed as a deduction for tax purposes. There is no movement in the Buildings account during the year ended 30 June 2024. - During the year ended 30 June 2024, Bondi Ltd paid accrued expenses of $210000 and recognised $45000 in warranty expense. These expenses are not deductible for tax purposes until they are actually paid. - There are no other items that cause differences between accounting and taxable profit. - Goodwill is not considered deductible for tax purposes. - Permanent differences do not result in deferred tax consequences. - During the year ended 30 June 2024, Bondi Ltd paid the Australian Taxation Office the following instalments for income tax. Payments have to be made within one month after the end of the quarter they relate to: 1. 28 July 2023: $9000 2. 28 October 2023: $7000 3. 28 February 2024: $7500 4. 28 April 2024: $8000. Required 1. Prepare the current tax worksheet and the journal entry to recognise current tax at 30 June 2024. 2. Prepare the deferred tax worksheet and journal entries to adjust deferred tax accounts