The following information is relevant to questions 5.1, 5.2, 5.3, and 5.4. The accounting profit before tax of Cariton Ltd for the year ended 30 June 2022 is $60000. The draft statement of financial position as at 30 June 2022 includes the following assets and liabilities. Additional information - For the year ended 30 June 2022, Cariton Ltd incurs doubtful debts expense of $1000. Under taxation legislation, a tax deduction is allowed for bad debts written off. - For accounting purposes, the machinery is depreciated over 4 years using straight-line depreciation with a residual value of zero. For tax purposes, the machinery is depreciated over 5 years using straight-line depreciation with a residual value of zero. - The tax rate is 30%. - The company has $8000 in tax losses carried forward from the previous year. A deferred tax asset was recognised for these losses. Taxation legislation allows such losses to be offset. against future taxable profit. - Land is revalued up by $20000 for the year ended 30 June 2022. 5.3 Required: Prepare the current tax worksheet for the year ended 30 June 2022 and calculate the current taxilabilly. 5.2 Required: Complete the following deferred tax worksheet for the year ended 30 June 2022. Please upload your answer in PDF below: Please select file(s) 5.3 Required: List the journal entries that Carlton Ltd needs to make to recognise the current tax and adjust deferred tax accounts as at 30 June 2022