The accounting profit before tax for the year ended 30 June 2017 for Aldee Ltd amounted to $235,000. It included the following income and expense items 15,000 CR 16,000 CR 9,000 DR 3,800 DR 47,250 DF 20,000 DHR 14,000 DR 42,000 DR 5,600 DR 4,000 DR Royalties (exemptncome) Interestrevenue Annualleave expense Doubtful debts expense Depreciation-plant (15% per year, straight-line) Depreciation-motor vehicles (20% per year, straight-line) Insurance expense Rent expense Wananty expense Entertainment expense (nottax deductible) The draft statement of financial position at 30 June 2017 contained the following assets and liabilities Assets: Cash Tradereceivables Less Allowance for doubtful debts Inventory Interest receivable Prepaid insurance Plant- cost Less Accumulated depreciation Motorvehicles - cost Less Accumulated depreciatiorn Deferred tax asset 46,000 88,000 (4,000) 57,100 2,000 4,000 315,000 (113,250) 100,000 (70,000) 22,500 45,800 (2,200) 54,300 1,000 1,000 315,000 (66,000) 100,000 (50,000) 17,190 LiabilitieS: Trade payables Provision for annualleave Provision for waranties Bankloan 66,200 15,600 14,200 130,000 43,600 11,000 11,600 150,000 The accounting profit before tax for the year ended 30 June 2017 for Aldee Ltd amounted to $235,000. It included the following income and expense items 15,000 CR 16,000 CR 9,000 DR 3,800 DR 47,250 DF 20,000 DHR 14,000 DR 42,000 DR 5,600 DR 4,000 DR Royalties (exemptncome) Interestrevenue Annualleave expense Doubtful debts expense Depreciation-plant (15% per year, straight-line) Depreciation-motor vehicles (20% per year, straight-line) Insurance expense Rent expense Wananty expense Entertainment expense (nottax deductible) The draft statement of financial position at 30 June 2017 contained the following assets and liabilities Assets: Cash Tradereceivables Less Allowance for doubtful debts Inventory Interest receivable Prepaid insurance Plant- cost Less Accumulated depreciation Motorvehicles - cost Less Accumulated depreciatiorn Deferred tax asset 46,000 88,000 (4,000) 57,100 2,000 4,000 315,000 (113,250) 100,000 (70,000) 22,500 45,800 (2,200) 54,300 1,000 1,000 315,000 (66,000) 100,000 (50,000) 17,190 LiabilitieS: Trade payables Provision for annualleave Provision for waranties Bankloan 66,200 15,600 14,200 130,000 43,600 11,000 11,600 150,000