Question 3: McCombie, K (2023), Amended past exam question For the year ended 30 June 2023, Lulu Ltd reported a profit before tax of $10,000. Included in the profit were the following income and expense items: The draft Statements of Financial Position of Lulu Ltd at 30 June 2023 and 30 June 2022 included the following assets and liabilities: Additional information: - For accounting purposes plant is depreciated using the straight line method over 10 years. For tax purposes plant is depreciated using the straight line method over 3 years. - The company tax rate is 30%. Required: Prepare the current tax worksheet and the journal entry to recognise current tax at 30 June 2023