Tailor Limited recorded the following tax effect entries in accordance with IAS 12 Income Taxes for the year ended 30 June 2021: Date Account description Dr cr $ 330,000 30,000 30.06.21 Income tax expense Share capita (1) Current tax liability To recognise the current tax liability for the year ended 30 June 2021 300,000 Note (1): The $30,000 relates to the tax impact of a $100,000 share issue costs paid that were debited to share capital as at 30 June 2021. For tax purposes, these costs are deductible when paid. There were no further tax items charged directly to equity. Date Account description Dr $ Cr $ 30.06.21 Deferred tax asset 60,000 Income tax expense 20,000 Deferred tax liability To recognise the movement in the deferred tax balances for the year ended 30 June 2021 80,000 Tailor is now in the process of preparing its financial statements and is looking at required disclosures. Which of the following statements is correct in relation to Tailor's disclosure requirements under IAS 12? A. Current income tax expense of $300,000 and deferred income tax expense of $20,000 will be disclosed. The ($30,000) current income tax relating to share issue costs will be disclosed in other comprehensive income. OB. Current income tax expense of $350,000 will be disclosed. The ($30,000) current income tax relating to share issue costs will be shown separately as an item that is recognised directly in equity. O C. Current income tax expense of $330,000 and deferred income tax expense of $20,000 will be disclosed. The ($30,000) current income tax relating to share issue costs will be disclosed in other comprehensive income. OD.Current income tax expense of $330,000 and deferred income tax expense of $20,000 will be disclosed. The ($30,000) current income tax relating to share issue costs will be shown separately as an item that is recognised directly in equity