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The following information was taken from the financial statements of Friesian Ltd for the year ended 30 June 20X2. Included in the Statement of Profit

The following information was taken from the financial statements of Friesian Ltd for the year ended 30 June 20X2.

Included in the Statement of Profit or Loss:

  • Income Tax Expense of $119,000

An extract from the draft Statement of Financial Position for the company is as follows:

30 June 20X2

30 June 20X1

$

$

Deferred tax assets

21,000

45,000

Current tax payable

66,000

86,000

Required:

Write in the box below the amount of tax paid by Friesian Ltd during the year ended 30 June 20X2. Do not include any dollar signs, negative signs, brackets or spaces in your answer.

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