Protea Ltd recorded an accounting profit before tax of $100,000 for the year ended 30 June 2023. Included in the accounting profit were the following items of revenue and expense. Penalty and fines (no deductible) $ 12,000 Depreciation expense - Furniture 15% p.a. straight line (cost: $190,000) Insurance expense $ 7,000 Employee entitlement expense $12,000 (no payments were made) For tax purposes the following applied. Depreciation expense - Furniture 25% p.a. straight line Insurance paid $ 13,000 Income tax rate 30% Required a) Use a current tax worksheet to calculate the current tax liability for the year ended 30 June 2023. Prepare the adjusting journal entry and exclude journal narrations (8 marks) b) Explain the future tax effect of the adjustment made in requirement (a) for insurance expense/paid. (2 marks)