Current and deferred tax and disclosure

The following data were obtained for Maroon Ltd:

1. Deferred tax liability on 1 July 2010, $90000

2. Deferred tax asset on 1 July 2010, $15000

3. Taxable Income for the year ended 30 June 2011, $150000

4. Cumulative taxable temporary difference as at 30 June 2011, $306000

5. Cumulative deductible temporary differences as at 30th June 2011, $70000

6. No other differences exist.

7. Tax rate is 30%

8. The company is expected to conduct profitable operations in the future

Required:

A. Calculate accounting profit before tax for the year ended 30 June 2011