Kamalnayan Ltd records the following extract from the financial statements for the year ended 30 June current year. Kamainayan Ltd: Statement of changes In equity for the year ended 30 June The accountants also noted the following additional information: During the preparation of the 2019 financial statements, it became apparent that electricity expenses of $2800 had been omitted when the 2018 financial statements were prepared. The Tax Office has indicated that electricity expense will be permitted as a deduction for tax purposes. The tax rate is 30 per cent