The profit before tax, as reported in the Statement of Profit or Loss and Other Comprehensive Income for Quokka Ltd for the year ended 30 June 201, amounted to $160,000, including the following revenue and expense items. Extracts from the Statement of Financial Position for the company at 30 June 201 showed the following assets and liabilities. Additional information - Interest is assessable for tax purposes when it is received. - Debts are deductible for tax purposes when they are written off. - Insurance is deductible for tax purposes when it is paid. - Long service leave is deductible for tax purposes when it is paid. - The tax rate is 30%. Required: Write in the box below the amount of income tax payable that would be recognised by Quokka Ltd for the year ended 30 June 20X1, in accordance with the requirements of AASB 112: Income Taxes. In your answer, do not include any dollar signs, commas, spaces or decimals