The profit before tax, as reported in the Statement of Profit or Loss and Other Comprehensive Income of Peach Ltd for the year ended 30 June 2020, amounted to $50,000 including the following revenue and expense items:

June 2020 $

Rent revenue 5,500

Bad debts expense 5,500

Depreciation expense - plant 6,500

Annual Leave Expense 4,500

Warranty Expense 4,000

Fines and Penalties (non-deductible) 3,500

Depreciation expense - buildings (non-deductible) 12,500

Government grant (exempt from tax) 15,000

Additional information: The deduction for depreciation for tax purposes is double the accounting depreciation. Bad debts written off for the year are $6,500. Rent revenue is receivable in advance and is taxed when received. Total cash receipts for rent are $10,000 during the year. No annual leave was paid during the year. Warranty repair payments of $5,000 were made during the year. Required Prepare the current tax worksheet and the journal entry to recognise the current tax liability at 30 June 2020. (9 marks)