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) Depreciation expense - Equipment $9,000 15% p.a. straight line (cost: $190,000) $ 7,000 $12,000 (no payments were made) Insurance expense Employee entitlement expense For tax purposes the following applied. Depreciation expense - Equipment Insurance paid Income tax rate 25% p.a. straight line $ 13,000 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. Exclude journal narrations. (b) Explain the future tax effect of the adjustment made in requirement (a) for insurance expense/paid