I will appreciate it very much if someone can help me about this. The question a) and b) should be answer in the form of what the textbook requires.

Assets Plant Prepaid insurance Interest receivable Inventories Research costs Land revalued Loan receivable Accounts receivable (net) Goodwill Liabilities Provision for annual leave Accrued expenses Accounts payable Loan payable Accrued penalties Subscriptions received in advance Temporary differences Excluded differences Goodwill Net temporary differences nnfnrrnd 'fnv Iinhilifv Carrying amount 6000 3000 1000 2000 120000 25000 12000 10000 3900 6700 34000 20000 700 500 Future taxable amount OOOOOO Future deductible amount 5000 2000 3000 100000 3000 3900 6700 500 Tax base 5000 2000 3000 100000 25000 15000 34 000 20 000 700 Taxable temporary differences 8 1000 10000 25000 75m Deductible temporary differences OOOO QUESTION 2 30 marks On 1 July 2018 John Itd commenced operations and presents its first statement of* comprehensive income and first statement of financial position on 30 June 2019 . The statements are prepared before considering taxation ." Statement of comprehensive income for the year ended 30 June 2019 Gross profit 420 000 Expenses Administration expenses 65000 Entertainment expenses 35 000 Salaries 55000 Long - service leave expense 10 000 Doubtful debt expense 10 000 Warranty expenses 20 000 Depreciation exp Expense - - plant 75 000 Insurance expense 10 000 280 000 Profit before tax 140 000 Statement of financial position as at 30 June 2019 Assets Cash 70 000 Inventory* 80 000 Accounts receivable* 1 10 000 Less : Allowance for doubtful debts 10 000 100 000 Prepaid insurance* 4000 Plant- cost 250 000 less Accumulated depreciation 75 000 175 000 Total assets 429000 Liabilities Accounts payable 50 000 Provision for warranty expenses 15000 Loan payable 154 000 Provision for long service leave expenses 10 000 Total liabilities 229 000 Net assets 200 000 Other information* . There are no accruals or prepayments of administration and salaries expenses at year end . Long- service leave have not been paid to any employee ." Warranty expenses were accrued according to company policy and payments of $5 000 were made by 30 June 2019 . Insurance was initially prepaid to the amount of $1 4 000 . The tax depreciation for the plant is $50 000 . The tax rate is 30 per cent .REQUIRED 8) b) c) '1) Calculate income tax payable at 30 June 2019 and provide the journal (10 marks) Calculate deferred tax at 30 June 20198 and provide journals (15 marks) How would deferred tax he presented in the statement of nancial performance according to AASB 112? (2 marks) Briey discuss the treatment of deferred tax assets 8: tax losses in accordance with AASB 112