Kimono Ltd commences operations on $1$ July $2018$ and presents its first statement of profit or loss and other comprehensive income and first statement of financial position on $30$ June $2019.$ The statements are prepared before considering taxation. The following information is available: Statement of profit or loss and other comprehensive income for the year ended $30$ June $2019$ Gross profit $$1460000$ Expenses Administration expenses $160000$ Salaries $400000$ Long$-$service leave $40000$ Warranty expenses $60000$ Depreciation expense $$ plant $160000$ Insurance $40000860000$ Accounting profit before tax $600000$ Other comprehensive income Nil Assets and liabilities as disclosed in the statement of financial position as at $30$ June $2019$ $ Assets Cash $40000$ Inventory $200000$ Accounts receivable $200000$ Prepaid insurance $20000$ Plant $$ cost $800000$ Less Accumulated depreciation $(160000)$ Total assets $1100000$ Liabilities Accounts payable $160000$ Provision for warranty expenses $40000$ Loan payable $400000$ Provision for long$-$service leave expenses $40000$ Total liabilities $640000$ Net assets $460000$

Other information

$1.$ All administration and salaries expenses incurred have been paid as at year end.

$2.$ None of the long service leave expense has actually been paid. It is not deductible until it is actually paid.

$3.$ Warranty expenses were accrued and, at year end, actual payments of $$20000$ had been made $($leaving an accrued balance of $$40000).$ Deductions are available only when the amounts are paid and not as they are accrued.

$4.$ Insurance was initially prepaid to the amount of $$60000.$ At year end, the unused component of the prepaid insurance amounted to $$20000.$ Actual amounts paid are allowed as a tax deduction.

$5.$ Amounts received from sales, including those on credit terms, are taxed at the time the sale is made.

$6.$ The plant is depreciated over five years for accounting purposes, but over four years for taxation purposes.

$7.$ The tax rate is $30$ per cent.

Required:

$($a$)$ Determine the taxable income for the year ended $30$ June $2019$

$($b$)$ Calculate the temporary differences and the tax effect at $30$ per cent at the end of the period. Show whether the temporary difference is a deductible or a taxable temporary difference.

$($c$)$ Provide the journal entries to account for tax in accordance with AASB $112$ Income Taxes.