Grey Ltd has the following account balances as at 30 June 2019: DTA 12 000 Dr DTL 9000 Cr Income tax payable 64 000 Cr Grey Lid has no permanent differences for tax purposes but does have temporary differences. For the year ending 30 June 2020, Grey Ltd recorded the following journal for current and deferred tax consequences, using a tax rate of 30% 30.6.20 Deferred tax asset 10 000 Income Tax expense 75 000 Income Tax payable Deferred tax liability (To record current and tax consequences for yle 30 June 2020) 78 000 7 000 Required: Showing all workings, answer the following questions: (a) Using the information given above, determine Grey Ltd's accounting profit before tax for the year ending 30 June 2020. (b) Using the information given above, determine Grey Ltd's taxable income for the year ending 30 June 2020. (c) Prepare the journal entry to set-off DTA and DTL for presentation purposes as at 30 June 2020 (hint: ensure your journal is professionally presented with a date, clear debit and credit, correct general ledger accounts and a narration). The closing balance of Income Tax Payable as at 30 June 2020 is $56,000 CR. How much tax was paid in cash for the year ending 30 June 2020