The profit before tax, as reported in the statement of profit or loss and other comprehensive income of North Ltd for the year ended 30 June 20X1, amounted to $100,000, including the following revenue and expense items.

	$
Rent revenue	6,000
Depreciation expense plant	5,000
Annual leave expense	7,000
Entertainment costs (non-deductible)	2,000

Extracts from the statement of financial position of the company showed the following assets and liabilities.

	20X1	20X0
Assets
Plant	60,000	60,000
Accumulated depreciation plant	(35,000)	(30,000)
Liabilities
Provision for annual leave	6,000	3,000
Rent received in advance	2,000	4,000

Additional information

Depreciation for plant is calculated on a straight-line basis for accounting and tax purposes, with a nil residual value. The useful life of the plant for accounting purposes is 12 years and for tax purposes is 10 years.

Rent is assessable for tax purposes when the rent is received.

Annual leave is deductible for tax purposes when it is paid.

The tax rate is 30%.

Required

Prepare a current tax worksheet and the journal entry to recognise the companys current tax liability as at 30 June 20X1. NOTE: the worksheet must be based on those used in the MyUni examples for this topic.