XYZ Pty Limited pay a dividend of $20,000 on the 1st July 2020 with a franking credit franked to 70%. On 1 August 2020 it paid a fully franked dividend of $30,000 to its shareholders. Then on 1 May 2021 it paid a dividend franked to 45% of $20,000 to its shareholders. XYZ Pty Ltd pay tax at the 30% tax rate. Required: What are the consequences of each of these events for XYZ Pty Limited for the year ended 30 June 2021? Only advise on the consequences for XYZ Pty Limited NOT its shareholders.