The tax rate is 30 per cent. Required Part A: Complete the table below to determine the current taxable profit related solely to the above information. Prepare journal entries to record income tax expense for the above information. Narrations are not required. (12 marks) Paragraph V BIUAEEV + . . . XMAN Ltd I Current tax worksheet for year ended 30 June 2023 R F2 F3 F4 F5 F6 F7 F8 F9 F10 FI N A- 4+ PaQuestion 26 (10 points) Saved Part B: Prepare a deferred tax worksheet to identify the temporary differences arising in respect of the assets and liabilities in the statement of financial position, and to calculate the balance of the deferred tax liability and deferred tax asset accounts at 30 June 2023. Assume the opening balances of the deferred tax accounts were $0. (10 marks) Paragraph BIUVA EVE + ... Accounts Carrying Tax Base Deductible Taxable Amount temporary temporary differences differences F8 F9 F10 F11 F4 F5 F6 F7 A A+ Pause N.Question 25 (12 points) + Saved XMAN Ltd commences operations on 1 July 2022 and presents its first statement of profit or loss and other comprehensive income and the first statement of financial position on 30 June 2023. XMAN Ltd's profit before tax for the year ended 30 June 2023 was 600,000. The following information is available: Assets Accounts receivable 400,000 Machinery - cost 420,000 Prepaid rent 24,000 Liability ' Provision for long service leave 40,000 Provision for warranties 30,000 Interest Payable 10, 000 Other information: e None of the long service leave expense has actually been paid until 30t June 2023 e $15,000 warranty claims have been paid until 30th June 2023 e The machineryis depreciated over five years for accounting purposes, but over three years for taxation purposes. e Entertainment expense included in the accounting profit is $2000 + The tax rate is 30 per cent