J Co has an accounting profit for the year ended 31 December 2016 of $540 000. This includes a depreciation charge of $76 000 and non-taxable income from government grants of $100 000. Tax allowable depreciation is $50 000. J Co was required to pay tax instalments in the year ended 31 December 2016 based on estimates of taxable profit for the year. Instalments amounting to $50 000 were paid. The tax rate is 30 per cent and the company applies the balance sheet liability method of tax effect accounting. What is the liability for current tax as at 31 December 2016? $89 800 $139 800 $149 800 $199 800