The following represents an extract from the Statement of Financial Position of the assets and liabilities of Jack Limited for the years ending 30 June 2021 and 2020.

	2021	2020
	$	$
Assets
Cash	13,000	10,400
Accounts receivable	177,000	171,600
Allowance for doubtful debts	(16,000)	(14,000)
Inventory	128,000	149,800
Prepaid rent	8,000	6,000
Deferred tax asset	?	12,000
Development costs	27,000	24,000
Less: Accumulated amortisation	(13,500)	(6,000)
Plant & equipment	144,000	96,000
Less: Accumulated depreciation	(30,600)	(14,400)
Liabilities
Bank overdraft	41,860	35,100
Accounts payable	38,200	31,200
Current tax liabilities	10,197	9,254
Unearned Interest revenue	13,000	10,400
Provision for employee benefits	27,560	26,000
Borrowings	12,500	12,500
Deferred tax liability	?	5,138

Additional Information:

1. Interest and rent revenue are assessable when the cash is received and deductible when the cash is paid. Employee benefits are allowed for tax deduction when the payment is made.
2. Tax deduction on development costs is claimed at time of payment.
3. Doubtful debts are deductible for tax purposes when the debt is written off.
4. Jack Limited purchased new plant and equipment on 1 April 2021. The accounting and tax depreciation rates of plant and equipment are 15% and 20% respectively.
5. The taxable income of Jack Limited for the year ended 30 June 2021 is $70,800.
6. The current tax rate is 30%.

Required:

1. Prepare the deferred tax worksheet for Jack Limited for the year ended 30 June 2021 and prepare the necessary journal entries to record movements in the deferred tax accounts. (12 marks)
2. Calculate the amount of income tax expense recognised in the income statement for the year ended 2021. (2 marks)