Sandworm Ltd's accounting profit before tax for the year ended 30 June 2023 was $41000.It included the following revenue and expense items: Doubtful debts expense Depreciation epense Wages expense $ 4,000 10,000 2,200 33,000 prt sc ackspace fn Cash Accounts receivable Allowance for doubtful debts Machinery - acost Accumulated depreciation Wages payable Deferred tax asset Deferred tax liability 5,000 4,400 68,000 61,000 (7,000) (4,000) 120,000 80,000 (50,000) (40,000) 2,200 3,700 ? 3,510 ? 12,000 pport Support ter / Sign in Additional information: 1. The machinery was purchased on 1 July 2017. Sandworm Ltd claims tax depreciation on the machinery at the rate of 20% per year using the straight line method. On 1 January, 2023, additional new machinery was acquired due to the expansion of the business. There have been no disposals of machinery during the year. 2. The company has $4,000 in tax losses carry forward from 2022. A deferred tax asset was recognised for these losses. 3. The corporate tax rate is 30%. Required: A. Prepare the current tax worksheet for Sandworm Ltd and the related tax journal entries for 30 June 2023. All workings must be clearly shown. (10 marks) B. Prepare the deferred tax worksheet and any necessary journal entries to adjust deferred tax accounts. All workings must be clearly shown. (10 marks)