Mamamia Ltd's profit before tax for the year ended 30 June 2019 is $454 410. Included in this profit are the following items of income and expense: Amortisation of development costs Depreciation expense for equipment Entertainment expense Insurance expense Doubtful debts expense Proceeds on sale of equipment Carrying amount of equipment sold Rent revenue Annual leave expense Royalty revenue (non-assessable) 54 000 72 000 22 410 43 200 25 200 54 000 66 000 45 000 97 200 3 600 At 30 June, the company's statements of financial position showed the following balances (Extract): MAMAMIA LTD Statement of Financial Position as at 30 June 2019 2018 Assets Cash Accounts receivable Allowance for doubtful debts $ 99 000 531 000 28 800) 291 600 54 000 6 300 216 000 54 000) 360 000 (162 000) $117 000 498 600 32 400) 333 000 45 000 9 900 Prepaid insurance Rent receivable Development costs Accumulated amortisation Equipment Accumulated depreciation Deferred tax asset Liabilities Accounts payable Provision for annual leave Loan Deferred tax liability Current tax liabilit 480 000 (144 000) 50 796 558 900 109 800 180 000 529 200 117 000 270 000 349 87 22 500 Mamamia Ltd's profit before tax for the year ended 30 June 2019 is $454 410. Included in this profit are the following items of income and expense: Amortisation of development costs Depreciation expense for equipment Entertainment expense Insurance expense Doubtful debts expense Proceeds on sale of equipment Carrying amount of equipment sold Rent revenue Annual leave expense Royalty revenue (non-assessable) 54 000 72 000 22 410 43 200 25 200 54 000 66 000 45 000 97 200 3 600 At 30 June, the company's statements of financial position showed the following balances (Extract): MAMAMIA LTD Statement of Financial Position as at 30 June 2019 2018 Assets Cash Accounts receivable Allowance for doubtful debts $ 99 000 531 000 28 800) 291 600 54 000 6 300 216 000 54 000) 360 000 (162 000) $117 000 498 600 32 400) 333 000 45 000 9 900 Prepaid insurance Rent receivable Development costs Accumulated amortisation Equipment Accumulated depreciation Deferred tax asset Liabilities Accounts payable Provision for annual leave Loan Deferred tax liability Current tax liabilit 480 000 (144 000) 50 796 558 900 109 800 180 000 529 200 117 000 270 000 349 87 22 500