Question 50 At 31 December 2019 Ava estimates that its current tax liability for the year will be 100,000. In August 2020 Ava pays its tax liability for the year ended 31 December 2019 at 120,000 At 31 December 2020 Ava again estimates it income tax liability, this time at 130,000. Required: Show the statement of profit or loss and statement of financial position extracts to reflect the above for the two years ended 31 December 2020