Robobunny Ltd bought a property on 1 January 202 for 900,000. It had a carrying value at 31 December 202 of 800,000. The property was revalued to 1,200,000 on 31 December 202. The tax written down value of the property at 31 December 202 was 775,000. The tax rate is 22%. Robobunny Ltd had a taxable profit for the year ended 31 December 202 of 2,560,000. Assume there is a zero deferred tax balance at the start of the year, and a zero current tax liability at the start of the year. Required: a) Explain how IAS 12 Income Taxes conflicts with the IASB Conceptual Framework regarding accounting for deferred tax. 4 marks b) Calculate the deferred tax asset or liability relating to the property at 31 December 202. 7 marks c) Provide extracts from Robobunny Ltd's 20X2 Statement of Financial Position and its Statement of Comprehensive Income relating to this property, the revaluation, the deferred tax impact of the revaluation, and current tax. 9 marks Total 20 marks