On 1 January 2010, an entity buys equipment for $10,000 and depreciates it on a straight line basis over its expected useful life of five years. For tax purposes, the equipment is depreciated at 25% per annum on a straight line basis. Tax losses may be carried back against taxable profit of the previous five years. The entity's accounting profit after depreciation expenses is $2,000 per annum for the years 2010 to 2014. The tax rate is 40%. The entity will recover the carrying amount of the equipment by using it to manufacture goods for resale. For the year from 2010 to 2014 a) Calculate the current tax liabilities b) Calculate the temporary differences c) Calculate the deferred tax liabilities d) Provide the accounting entries (assuming there is no prepayment for current income tax) e) Prepare the statement of comprehensive income with deferred tax