The accounting profit before tax for Splash Ltd, for the year ended 30 June 2018, amounted to $714,000. It included the following revenue and expense items:

		$
Royalties (exempt income)		15,000 CR
Interest revenue		11,000 CR
Annual leave expense		13,200 DR
Doubtful debts expense		22,800 DR
Depreciation plant		48,750 DR
Depreciation motor vehicles		30,000 DR
Insurance expense		23,000 DR
Impairment loss goodwill (not tax deductible)		14,000 DR
Warranty expense		37,400 DR
Entertainment expense (not tax deductible)		3,500 DR

The draft statement of financial position at 30 June 2018 contained the following assets and liabilities:

	2018	2017
	$	$
Assets
Cash	216,000	212,500
Accounts receivable	195,000	143,800
Allowance for doubtful debts	(29,000)	(12,200)
Inventory	367,100	354,300
Interest receivable	1,900	1,000
Prepaid insurance	6,000	4,000
Plant cost	390,000	390,000
Less: accumulated depreciation	(146,250)	(97,500)
Motor vehicles cost	150,000	150,000
Less: accumulated depreciation	(75,000)	(45,000)
Goodwill	60,000	60,000
Less: accumulated impairment losses	(16,000)	(2,000)
Deferred tax asset	?	17,302
Liabilities
Accounts payable	146,900	127,600
Provision for annual leave	21,400	14,000
Provision for warranties	33,100	14,600
Bank loan	100,000	150,000
Deferred tax liability	?	11,250

Additional information:

• The plant is depreciated over eight years for accounting purposes, but over six years for taxation purposes (straight-line method, and with an estimated residual value of nil). The accumulated depreciation for tax purposes as at 30 June 2018 is $195,000.
• The motor vehicles are depreciated over five years for accounting purposes, but over eight years for taxation purposes (straight-line method, and with an estimated residual value of nil). The accumulated depreciation for tax purposes as at 30 June 2018 is $46,875.
• Tax deductions for annual leave, warranties and insurance are available when the amounts are paid, and not as amounts are accrued.
• Amounts received from sales, including those on credit terms, are taxed at the time the sale is made.
• Interest revenue is only taxable when amounts are actually received, and not as amounts are accrued.
• Tax deductions are not available for doubtful debts. Tax deductions are only available when bad debts are written off.
• The tax rate is 30%.

Required:

i) Determine the balance of any current tax liability, deferred tax assets and deferred tax liabilities for Splash Ltd as at 30 June 2018, in accordance with AASB 112. Use appropriate worksheets and show all necessary workings.

ii) Prepare the journal entries to record the current tax liability, deferred tax assets and deferred tax liabilities.