Case 2: Calculation of deferred tax, and adjustment entry (5\%) The following information was extracted from the records of Morgan Ltd as at 30 June 2020. The depreciation rates for accounting and taxation are 15% p.a. and 25% p.a. respectively. Deposits are taxable when received, and warranty costs are deductible when paid. An allowance for doubtful debts of $25000 has been raised against accounts receivable for accounting purposes, but such debts are deductible only when written off as uncollectable. Required 1. Calculate the temporary differences for Morgan Ltd as at 30 June 2020 . Justify your classification of each difference as either a deductible temporary difference or a taxable temporary difference. 2. Prepare a deferred tax worksheet and the journal entry to record deferred tax for the year ended 30 June 2020 assuming no deferred items had been raised in prior years