Shengli Led commences operations on 1 July 2023. One year later, on 30 June 2014, the entity prepares its first statement of comprehensive income and its first statement of financial position. The statements are prepared before considering taation. The following information is available Statement of comprehensive income for the year ended 30 June 2014 250 000 Gross profit Wages expense Annual leave expense Had debts expense Rent espera Depreciation expense --- furniture and fittings Accounting profit before (100 000 (25 000 (10 000 25 000 (15 000 75 000 Assets and liabilities as disclosed in the statement of financial positie at JO June 2024 Assets Cash Inventores Accounts receivable (net) Prepaid rent Furniture and fittings Accumulated depreciation furniture and fitting 75 000 100 000 SO DO 25 000 75 000 (15 00 150 000 Liabilities Accounts payable Revenue received in advance Loan payable Provision for annual leave 50 000 250 100 200 OC Additional information . The company tax rates asumed to be 30% . All salaries have been paidat year end and are deductible for purposes None of the wallveen hasartwally been paid. It is not deductible for a proses wat is actually paid Rent was paid in advance on July 2023. Actualmente pale are allowed a tax dede Amounts received from sales, including those en credit terms, are tweed the time the web No bad debts were writtoft. . The revenue received in advances included in the table come The furniture and als deprecated right before buter years for sales purposes. The furniture and speed any Muired 2. Prepare the deferred as worked for at dele se