Question 1 Josie Ltd has prepared financial statements and notes to the financial statements for the year ended 30 June 2021. Not yet answered Income tax expense reported in the Statement of Profit or Loss and Other Comprehensive Income for the period 30 June 2021 is $238 000 Marked out of 3.00 The following balances are reported in the Statement of Financial Position Flag question 2021 2020 Deferred Tax Asset Deferred Tax Liability $82 000 $72 000 $38 000 $35 000 Note to income tax expense Current Income Tax Expense $245 000 Deferred Income Tax Expense (7 000) Required: Using the above information, prepare the end of year adjusting entries that Josie Ltd must have recorded in order to present the income tax expense of $238 000 in the Statement of Profit or Loss and Other Comprehensive Income for the period 30 June 2021