Please I need a detailed explanation to answer provided because I noticed the same question had been previously answered but not explicit enough.

MR Ltd commences operations on 1 July 2022 and presents its first statement of profit or loss and other comprehensive income and first statement of financial position on 30 June 2023. 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 2023 ($) Gross profit 730 000 Expenses Administration expenses 80 000 Salaries 200 000 Long-service leave 20 000 Warranty expenses 30 000 Depreciation expense-plant 80 000 Insurance 20 000 430 000 Accounting profit before tax 300 000 Other comprehensive income Nil Assets and liabilities as disclosed in the statement of financial position as at 30 June 2023 ($) Assets Cash 20 000 Inventory Accounts receivable Prepaid insurance Plant-cost 100 000 100 000 10 000 400 000 (80 000) less Accumulated depreciation 320 000 Total assets 550 000 Liabilities 80 000 20 000 Accounts payable Provision for warranty expenses Loan payable Provision for long-service leave expenses Total liabilities 200 000 20 000 320 000 Net assets 230 000 Other information All administration and salaries expenses incurred have been paid as at year end. None of the long-service leave expense has actually been paid. It is not deductible until it is actually paid. Warranty expenses were accrued and, at year end, actual payments of $10 000 had been made (leaving an accrued balance of $20 000). Deductions are available only when the amounts are paid and not as they are accrued. Insurance was initially prepaid to the amount of $30 000. At year end, the unused component of the prepaid insurance amounted to $10 000. Actual amounts paid are allowed as a tax deduction. Amounts received from sales, including those on credit terms, are taxed at the time the sale is made. The plant is depreciated over five years for accounting purposes, but over four years for taxation purposes. The tax rate is 30 per cent. Provide the journal entries to account for tax in accordance with AASB 112. LO 18.1, 18.2, REQUIRED 18.3, 18.4