het profit for the year med by customers ars on a customer's account until all avenues to collect Other information: For tax purposes, depreciation on machinery S14 000 and for vehicles S300, for the year enda 30 June 2019. Doubtfal debts, annual leave are not tax deductible for tax purposes until paid. ve and service warranties are expensed in the year ending 30 June Zeus Lid has accrued annual leave entitlements of S1,800 in calculating net pront ended 30 June 2019 Service warranty expense is only deductible as tax deduction when claimed by cuscinta The company accrues doubtful debts expense as soon as it appears on a custom uncollectible. However, the bad debt is not allowable as a tax deduction untilan the account have been exhausted. The tax rate is 30% and taxable income is $79,500. Requirements: A) Complete a deferred tax worksheet (8 marks). B) Complete the entry to account for taxes (2 mark) C) Complete a statement of comprehensive income showing as much deran marks). ng as much detail as possible (5 Assignment Facts1 Zeus Lid was established on 1 July 2012 with share antal totalling S132,000. One year later the statement of comprehensive income and statement of financial position were follows: Statement of comprehensive income for the year ended 30 June 2019 Sales revenue Interest revenue Dividend revenue Exempt income Capital profit on sale of land 650,000 500 300 400 700 651,900 175,000 5,900 100 Cost of sales Depreciation on machinery Depreciation on vehicles Goodwill impairment loss Salaries and wages Annual leave Rent of premises Insurance Entertainment Fines and penalties Fringe benefits tax Warranty expense Doubtful debts expense Other expenses Profit before income tax 300 120,000 1,800 72,000 1,200 400 100 200 600 200 194,100 571,900 80,000