Jarman Pty Ltd has calculated their accounting profit before tax for the year ended 30 June 2015 to be $225,450. The company tax rate at present is 30%. Included in this profit are items of revenue and expenses relevant to the calculation of company income tax and are shown below: Depreciation expense – motor vehicles (25%) 4 500 Depreciation expense – equipment (20%) 20 000 Rent revenue 16 000 Doubtful debt expense 2 300 Carrying amount of equipment sold 18 000 Entertainment expense 1 500 Annual leave expense 5 000 Proceeds on sale of equipment $ 19 000 Royalty revenue (non-taxable exempt income) $ 10 000 The company's draft trial balance (an extract) for the year ended 30 June 2015 (with comparative figures) showed the following assets and liabilities (prior to the tax provisions): 2015 2014 Cash 11 500 9 500 Accounts receivable 12 000 14 000 Allowance for doubtful debts (3 000) (2 500) Inventories 19 000 21 500 Rent receivable 2 800 2 400 Motor vehicle 18 000 18 000 Accumulated depreciation – motor vehicle (15 750) (11 250) Equipment 100 000 130 000 Accumulated depreciation - equipment (60 000) (52 000) Deferred tax assets ? 6 450 Accounts payable 15 655 21 500 Provision for annual leave 4 500 6 000 Current tax liability ? 7 600 Deferred tax liability (opening balance) ? 2 745 Additional Information: 1. The motor vehicle is fully depreciated for tax purposes; the company can claim 15% depreciation on equipment. 2. The equipment sold during the year was purchased 2 years before the date of sale for $30 000 Prepare two worksheets showing: (1) The current tax calculation (2) The deferred tax calculation Prepare the journal entries that Jarman Pty Ltd would need to recognise the current tax for the year ended 30 June 2015 and the deferred tax as at 30 June 2015.