The following information was extracted from the records of Grand Ltd as at 30 June 2021. Carrying amount Tax base Asset (liability) Accounts receivable $150 000 $175 000 165 000 125 000 Motor vehicles Provision for warranty (12 000) 0 The depreciation rates for accounting and taxation are 15% p.a. and 25% p.a. respectively. Warranty costs are deductible when paid. An allowance for doubtful debts of $25 000 has been raised against accounts receivable for accounting purposes, but such debts are deductible only when written off as non-collectible. Required a. Prepare a deferred tax worksheet and calculate the temporary differences for Grand Ltd as at 30 June 2021. Justify your classification of each difference as either a deductible temporary difference or a taxable temporary difference. (6 marks) b. Prepare the journal entry to record deferred tax for the year ended 30 June 2021 assuming no deferred items had been raised in prior years. (1 mark)