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QUESTION 2: INCOME TAX EXPENSE (10 MARKS) PART A: Prepare a current tax worksheet (6 MARKS) You are required to account for income tax

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QUESTION 2: INCOME TAX EXPENSE (10 MARKS) PART A: Prepare a current tax worksheet (6 MARKS) You are required to account for income tax for the year ending 30 June 2022. Relevant information is as follows: Accounting profit before tax $ 400,000 Warranty expense $ 20,000 Warranty paid $ 30,000 Depreciation expense $ 10,000 Depreciation allowed for tax $ 25,000 Corporate tax rate 30% Question 4 Required: Prepare the current tax worksheet and the current tax journal entry for 30.6.22.

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