The following represents an extract from the Statement of Financial Position of the assets and liabilities of Power Limited for the years ending 30 June 2020 and 2019.

	2020	2019
Assets
Cash	14000	17000
Accounts receivable	13750	11500
Allowance for doubtful debts	-2050	-1475
Inventory	7200	5800
Rent receivable	1800	1450
Prepaid insurance	1825	2125
Deferred tax asset	?	3038
Development costs	22500	20000
Less: Accumulated amortisation	-11250	-5000
Plant & equipment	30000	41250
Less: Accumulated depreciation	-18000	-18750
Liabilities
Accounts payable	4750	4250
Deferred tax liability	?	5138
Unearned interest revenue	3500	3150
Bank loan	12500	12500
Provision for warranty costs	3300	3000

Additional Information:

a) Interest and rent revenue are assessable when the cash is received and deductible when the cash is paid. Insurance costs and warranty costs are allowed for tax deduction when the payment is made.

b) A deduction of 125% for development costs can be claimed when the costs are paid.

c) Doubtful debts are deductible for tax purposes when the debt is written off.

d) Power Ltd sold an item of equipment on 1 March 2020 for $6,500. For tax purposes the carrying amount of equipment sold was $4,750. There were no other disposals or acquisitions of equipment during the year.

e) The tax deduction for depreciation for 2020 was $4,500 and the accumulated depreciation at 30 June 2019 for taxation purposes was $16,250.

f) The current tax rate is 30%

Required:

Prepare the deferred tax worksheet for Power Limited for the year ended 30 June 2020 and prepare the necessary journal entries to record movements in the deferred tax accounts.