Waverley Ltd had recorded an accounting profit of $600,000 for the financial year ending 30 June 2024, which included the following items: Depreciation of machinery $120,000 Doubtful debt expense $60,000 Rent expense $90,000 The following amounts are included in the Statement of financial position of Waverley Ltd: 2024 2023 Allowance for doubtful debts $22,500 $37,500 Prepaid rent $30,000 $12,000 In addition, the machinery is depreciated 10% straight line for accounting purposes. The depreciation is 20% straight line for tax purposes. The tax rate is 30% (b) Calculate, using the table provided, the deferred tax balance relating to the allowance for doubtful debts and prepaid rent for the year ending 30 June 2024, stating clearly whether the temporary difference is taxable or deductible. (4 marks)