Smile Limited is a manufacturing company with a 28 February year-end.

The following relates to the companys tax matters:

2022:

Estimated taxable income R878 700

Actual taxable income per SARS assessment: R870 200

Deffered Tax Asset 1 March: R125 200

Deferred Tax Asset 28 Feb: R155 400

2023:

Estimated taxable income R995 200

Actual taxable income per SARS assessment: n/a

Deferred Tax Asset 1 March: R155 400

Deferred Tax Asset 28 Feb: R147 800

Smile Limited received a tax refund from SARS of R3 200 on 28 August 2022.

Required: Prepare the income tax expense note to the financial statements, including comparative figures, of Smile Limited for the year ended 28 February 2023.