The accounting profit before tax for the year ended 30 June 2023 for Augusta Ltd amounted to $28 500 and included the following: The draft statement of financial position at 30 June 2023 contained the following assets and liabilities. 2023 2022 Assets Cash $ 13200 $ 9800 Accounts receivable 12000 14000 Allowance for doubtful debts (3000) (2500 ) Inventories 19000 21500 Rent receivable 2800 2400 Motor vehicle 18000 18000 Accumulated depreciation motor vehicle (15750) (11250 ) Equipment 100000 130000 Accumulated depreciation equipment (60000) (52000 ) Deferred tax asset ? 6450 Liabilities Accounts payable 15655 21500 Provision for annual leave 4500 6000 Current tax liability ? 8200 Deferred tax liability ? 3445 Additional information The motor vehicle is fully depreciated for tax purposes. The company claims tax depreciation on equipment at the rate of 15% p.a. The sale of equipment on which a gain was recognised (see the previous point) was the only movement in the equipment account during the year and took place on 1 July 2022. The income tax rate is 30%. Required: 1. Prepare the current tax worksheet and the journal entry to recognise the current tax as at 30 June 2023. 2. Prepare the deferred tax worksheet and any necessary journal entries to adjust deferred tax accounts at 30 June 2023. 3. Prepare T accounts for the following three items: Rent receivable, Allowance for doubtful debts; Provision for annual leave. 4. Explain how a change in the tax rate will impact on the balances of deferred tax assets and deferred tax liabilities? Should any such change be reflected in the reported profit of the reporting entity when the tax rate changed? (Word limit 300 words use references where appropriate.