The following information is taken from the record of Maximus Limited for the year ended 30 June:

Operating profit before income tax	$560000
Items included in operating profit before income tax
Goodwill impairment losses	$15000
Exempt income received	$82000
Doubtful debts expense	$5500
Depreciation on plant (accounting)	$6000
For tax purposes the following must be taken into consideration
Bad debts written off	$7000
Depreciation on plant (tax)	$12000

Additional info:

Tax rate 30%

Required:

A) Prepare a schedule reconciling accounting profit with taxable income.

B) Prepare general journal entry for current tax payable.