Operating profit before income tax $560000 Items included in operating profit before income tax Goodwill impairment losses $15000 Exempt income received $82000 Doubtful debts expense $5500 Depreciation on plant (accounting) $6000 For tax purposes the following must be taken into consideration Bad debts written off $7000 Depreciation on plant (tax) $12000 Additional info: Tax rate 30%

Required:

A. a schedule reconciling accounting profit with taxable income.

B. General journal entry for current tax payable.

A.

Details	Amount

B.

Account name	Dr	Cr