Cats and Cuddles Limited is an online pet accessory store with a difference. Customers can place an order online for a personalised pet accessory of their choice, and the company will design the pet accessory to the customers' specifications and conveniently deliver the goods ordered to customers' desired location. The company is well established and has experienced profitable years through aggressive marketing campaigns at pet expos and through social media. This has allowed the company to accumulate retained earnings of C2 325000 since inception until 1 January 205, being the beginning of the current year. The majority shareholder of the company, Ms Doodle contributed C3 000 to form the company a few years ago. The company performed well in the current year, having achieved a profit before tax of C450 000 and a dividend of C150 000 was declared to Ms Doodle at year-end. The income tax rate is 30% and the dividends tax rate is 15%. There were no permanent or temporary differences during 205 and no components of other comprehensive income. Required: a) Show the journal entry to record the current income tax and dividend for the year ended 31 December 205. GAAP: Graded Questions Taxation: various types and current income taxation b) Prepare an extract from the statement of comprehensive income of Cats and Cuddles Limited for the year ended 31 December 205. c) Prepare an extract from the statement of changes in equity of Cats and Cuddles Limited for the year ended 31 December 205. d) Prepare an extract from the current liabilities section of the statement of financial position of Cats and Cuddles Limited at 31 December 205. Ignore comparatives