Sophie Smith is the tax accountant at Bright Moon Limited. Sophie is preparing the tax effect accounting for Bright Moon Limited for financial year ended 30 June 2021. Sophie has collected the following relevant information.

Notes 1. A bad debt deduction is only allowed for tax purposes when previously brought to account as income specifically written off as a bad debt. Bad debt written off during the year were $10,000. 2. Tax accumulated depreciation for plant, property and equipment was $300,000 as at 30 June 2021. 3. Research and development expenditure is tax deductible in the year the expense is incurred 4. No tax effect accounting entries have been processed for the financial year ended 30 June 2021. Therefore, the deferred tax balances shown above are those at 30 June 2020 5. Tax rate is 30%

Required: Calculate the TTD/DTL and DTD/DTA for Bright Moon Limited in accordance with NZ IAS 12 Income Taxes for the financial year ended 30 June 2021. Note: Show all your workings.

2021 $000 Current assets Cash 200 Accounts receivables 300 Provision for doubtful debts (20) Inventory 400 Total current assets 880 Non-current assets Plant, property, and equipment 1,000 Accumulated depreciation (400) Capitalised development expenditure 100 Deferred tax assets 200 Total non-current assets 900 Total assets 1,780 Current liabilities Accounts payable 400 Short-term loan 40 Total current liabilities 440 Non-current liabilities Long-term loan 200 Deferred tax liabilities 40 Total non-current liabilities 240 Total liabilities 680 Equity Share capital 800 Retained earnings 300 Tot al equity 1,100