The profit before tax, as reported in the Statement of Profit or Loss and Other Comprehensive Income of Bronze Ltd for the year ended 30 June 2020, amounted to $65,000 including the following revenue and expense items.

	30 June 2020
	$
Rent Expense	12,000
Bad debts expense	1,500
Depreciation expense - equipment	20,000
Annual Leave Expense	1,500
Interest Expense	4,500
Fines and Penalties (non-deductible)	2,500
Entertainment Expense (non-deductible)	4,500
Interest on Govt Bonds (exempt from tax)	5,500

The statement of financial position of the company at 30 June 2020 showed the following assets and liabilities.

	2020	2019
Assets	$	$
Cash	9,000	11,000
Accounts receivables	32,000	25,000
Allowance for doubtful debts	(2,500)	(3,000)
Inventory	11,500	8,500
Prepaid Rent	22,000	10,000
Equipment	100,000	100,000
Accumulated Depreciation - Equipment	(40,000)	(20,000)
Deferred Tax Asset	?	2,010
Liabilities
Accounts Payable	29,000	26,000
Provision for Annual Leave	3,200	2,500
Interest Payable	5,000	1,200
Deferred Tax Liability	?	6,000

Additional information

• Accumulated depreciation of equipment for tax purposes was $60,000 at 30 June 2020, and depreciation for tax purposes for the year ended 30 June 2020 amounted to $30,000.
• Rent is assessable for tax when received.
• The tax rate is 30%.

Required

1. Prepare the current tax worksheet and the journal entry to recognise current tax at 30 June 2020.
2. Prepare the deferred tax worksheet and journal entries to adjust deferred tax accounts as at 30 June 2020.