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For the year ending 31st December 20X3 20X4 20X5 Accounting profit (PBT) 80,000 130,000 100,000 Depreciation 7,000 12,000 14,000 Depreciation loss (taxation) 8,000 14,000 15,000

For the year ending 31st December 20X3 20X4 20X5 Accounting profit (PBT) 80,000 130,000 100,000 Depreciation 7,000 12,000 14,000 Depreciation loss (taxation) 8,000 14,000 15,000 Corporation Tax Rate 30% 30% 30% Tax Paid pertaining to previous year Nil 28,000 45,000 Transfer to/(from) deferred tax 8,000 6,000 (6,000) credit credit debit

*assume the amount of "tansfer to/(from) deferred tax is calculated correctly after taking into account all the necessary adjustments.

Required: Show the Provision for taxation account, Deferred Tax account, extract of the income statement and extract of the statement of financial positionfor the three years ending 31 December 20X3, 20X4 and 20X5.

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