The accounting profit before tax of Topsy Limited for the year ended 30 June 2021 is $1,600,000. This amount includes $100,000 in warranty expense. Warranty costs paid during the year were $90,000, which are tax deductible when paid. Included in the deferred tax asset (DTA) balance at 30 June 2021 is an amount of $18,000. This relates to $60,000 in tax losses that may be utilised in the year ended 30 June 2021. The tax losses utilised are treated under the tax law as a tax deduction, thus reducing the taxable income. The tax rate is 30%. What is the journal entry to recognise the current tax liability for Topsy for the year ended 30 June 2021, including the utilisation of the tax losses? OA Date Description Dr Cr $ 30.06.21 Income tax expense 483,000 Current tax liability 465,000 Deferred tax asset 18,000 To record the current tax liability and recognise the utilisation of carry-forward tax losses OB. Date Description Cr Dr $ 30.06.21 519,000 Income tax expense Current tax liability 459,000 60,000 Deferred tax asset To record the current tax liability and recognise the utilisation of carry-forward tax losses OC. Date Description Dr Cr $ 30.06.21 Income tax expense 525,000 Current tax liability 465,000 Deferred tax asset 60,000 To record the current tax liability and recognise the utilisation of carry-forward tax losses OD Date Description Cr Dr $ 30.06.21 Income tax expense 477,000 Current tax liability 459,000 Deferred tax asset 18,000 To record the current tax liability and recognise the utilisation of carry-forward tax losses