The following data applies to the two unrelated companies Aldi Ltd Wooli Ltd:

Profit before tax for the year to 30 June 2020		$1,300,000		$136,000
Taxable income for the year to 30 June 2020		340,000		150,000
Deferred tax liability 1 July 2019				90,000
Deferred tax asset 1 July 2019				15,000
Taxable temporary differences at 30 June 2020		960,000		306,000
Deductible temporary differences at 30 June 2020				70,000

All taxable and deductible temporary differences relate to the profit or loss. Assume a corporate tax rate of 30%.

1. For each company, prepare the journal entries to record the current and deferred tax for 30 June 2020. Show all calculations

2. For each company, prepare the income tax section of the statement of profit or loss and other comprehensive income for the year ended 30 June 2020, and show the note disclosure for the current and deferred components of income tax expense.