Kade Ltd had an accounting profit before tax for the year ended 30 June 2020 of $5,000. Included in the accounting profit were the following items of income and expense: royalty revenue $18,000, bad debts expense $14,000 and insurance expense $27,000. Kade Ltd calculated the following: bad debts written off $18,000 and insurance paid $34,000. The company tax rate is 30%. For the year ended 30 June 2020, the current tax journal entry is: Select one: O a. DR Deferred tax asset 7,200 CR Income tax expense (current) 7,200 O b. DR Deferred tax asset 1,800 CR Income tax expense (current) 1,800 OC. DR Income tax expense (current) 1,800 CR Deferred tax asset 1,800 d. DR Income tax expense (current) 7,200 CR Deferred tax asset 7,200