Wood Limited commenced trading on 1 January 20X1. It has profit before tax of C250000 for the year ended 31 December 20X1. When calculating this figure, the following information was correctly accounted for: - An amount of C24 000 received in advance in respect of goods and services to be provided in 202 (taxable in the current year). - Interest income of C7000 is receivable (taxable in the current year). - Telephone payment of C5000 is due for 20X1 but has not yet been paid (deductible for tax purposes in the current year). - The rent for January 20X2 of C10 000 has been paid in advance (deductible for tax purposes in the current year). - Dividend income of C12 000 was earned during 201 (not taxable). - A donation of C8000 was paid during 201 (not deductible for tax purposes). - Depreciation of C40000 was expensed during the year. The tax authority has calculated wear and tear to be C25 000. This was the only movement in property, plant and equipment during the year. There are no components of other comprehensive income. The applicable tax rate is 30% on taxable profits. There are no other differences between accounting profit and taxable profit other than those apparent from the above information. Required: a) Provide the current tax and deferred tax journals for the year ended 31 December 201. b) Show how taxation is disclosed in the statement of comprehensive income and income tax expense note for the year ended 31 December 201 in accordance with International Financial Reporting Standards