please show all the workings thank you!

Background information The profit before tax, reported in the statement of comprehensive income of DuperX Ltd for the year ended 30 June amounted to: 20,800,000 2020 Service revenue 650,000 Prize money 1,170,000 Doubtful debts expense 130,000 Depreciation (Vehicle) 845,000 Depreciation (Buildings) 208,000 Maintenance expense 585,000 Warranties expense 390,000 Insurance expense 195,000 Government issued fine 325,000 The draft statements of financial position of the company at 30 June 2020 and 2019 showed the following assets and liabilities: 2020 (S) 2019 (5) Assets Cash 1,365,000 1.495,000 Inventory 2,925,000 2,665,000 Accounts receivable 8,450,000 8,060,000 Allowance for doubtful debts (676,000) (624,000) Prepaid insurance 364,000 338,000 Vehicle 8,450,000 8,450,000 Accumulated depreciation - Vehicle (5,915,000) (5,070,000) Buildings 5,200,000 5,200,000 Accumulated depreciation - Buildings (2,080,000) (1,872,000) Land 3,250,000 3,250,000 Patents 1,300,000 1,300,000 Deferred tax asset ? 0 Liabilities Accounts payable 4,940,000 4,420,000 Required: Calculate the taxable income/tax loss and the current tax liability (if any) for the financial year ended 30 June 2020. Prepare a journal entry to recognise the current tax liability/tax loss. Calculate deferred tax asset and deferred tax liability balances as at 30 June 2020. Prepare the deferred tax journal entries for the year ended 30 June 2020. Note that you are NOT required to prepare journals to offset the deferred tax asset and deferred tax liability balances. Show your calculation using deferred tax worksheets by creating separate columns for: carrying amount tax base, taxable temporary differences and deductible temporary differences 27.50% Assume that by 1 December 2020 there was a change in tax rate to: With reference to AASB 112 / IAS 12 Income Taxes, discuss the accounting treatment of the deferred tax asset and deferred tax liability balances as at 1 December 2020 following a lower tax threshold for the 2020-2021 financial year. Prepare the journal entries to record the effect of change in tax rate. (18+ 23 + 9 = 50 marks) Calculate the taxable income/tax loss and the current tax liability (if any) for the financial year ended 30th June 2020. Prepare a journal entry to recognise the current tax liability/tax loss. 20,800,000 Workings profit Add Doubtful debt expense Depreciation (Vehicle) Depreciation (Buildings) Maintenance expense Warranties expense Insurance expense Government issued fine Subscription received in advance 130,000 845.000 208.000 585,000 390,000 195.000 325,000 455 000 23 933 000 Less: Service revenue Prize money 650.000 1.170.000 Journal entry Dr Cr 18 marks Additional space for workings (if required) Background information The profit before tax, reported in the statement of comprehensive income of DuperX Ltd for the year ended 30 June amounted to: 20,800,000 2020 Service revenue 650,000 Prize money 1,170,000 Doubtful debts expense 130,000 Depreciation (Vehicle) 845,000 Depreciation (Buildings) 208,000 Maintenance expense 585,000 Warranties expense 390,000 Insurance expense 195,000 Government issued fine 325,000 The draft statements of financial position of the company at 30 June 2020 and 2019 showed the following assets and liabilities: 2020 (S) 2019 (5) Assets Cash 1,365,000 1.495,000 Inventory 2,925,000 2,665,000 Accounts receivable 8,450,000 8,060,000 Allowance for doubtful debts (676,000) (624,000) Prepaid insurance 364,000 338,000 Vehicle 8,450,000 8,450,000 Accumulated depreciation - Vehicle (5,915,000) (5,070,000) Buildings 5,200,000 5,200,000 Accumulated depreciation - Buildings (2,080,000) (1,872,000) Land 3,250,000 3,250,000 Patents 1,300,000 1,300,000 Deferred tax asset ? 0 Liabilities Accounts payable 4,940,000 4,420,000 Required: Calculate the taxable income/tax loss and the current tax liability (if any) for the financial year ended 30 June 2020. Prepare a journal entry to recognise the current tax liability/tax loss. Calculate deferred tax asset and deferred tax liability balances as at 30 June 2020. Prepare the deferred tax journal entries for the year ended 30 June 2020. Note that you are NOT required to prepare journals to offset the deferred tax asset and deferred tax liability balances. Show your calculation using deferred tax worksheets by creating separate columns for: carrying amount tax base, taxable temporary differences and deductible temporary differences 27.50% Assume that by 1 December 2020 there was a change in tax rate to: With reference to AASB 112 / IAS 12 Income Taxes, discuss the accounting treatment of the deferred tax asset and deferred tax liability balances as at 1 December 2020 following a lower tax threshold for the 2020-2021 financial year. Prepare the journal entries to record the effect of change in tax rate. (18+ 23 + 9 = 50 marks) Calculate the taxable income/tax loss and the current tax liability (if any) for the financial year ended 30th June 2020. Prepare a journal entry to recognise the current tax liability/tax loss. 20,800,000 Workings profit Add Doubtful debt expense Depreciation (Vehicle) Depreciation (Buildings) Maintenance expense Warranties expense Insurance expense Government issued fine Subscription received in advance 130,000 845.000 208.000 585,000 390,000 195.000 325,000 455 000 23 933 000 Less: Service revenue Prize money 650.000 1.170.000 Journal entry Dr Cr 18 marks Additional space for workings (if required)