6 Points Silver Ltd seeks your help to prepare its Deferred Tax worksheet to identify temporary differences and tax effects under AASB 112: Income Taxes. Relevant information has been extracted from its books as at 30 June 2022. In reconciling accounting profit with tax profit, Silver Ltd has provided the following information: - The company is entitled to claim a tax deduction of 125% for development expenditure in the ye x of expenditure. Silver Ltd has adopted an accounting policy of capitalizing and amortizing its development expenditure over 5 years. Silver Ltd has accumulated amortization balance of $200,000 at the end of the reporting period relating to Development expenditure of $600,000. The prior period balances for accumulated amortization was $150,000 relating to Development expenditure of $500,000. - Annual leave provisions are not deductible until paid. During the year, annual leave of $50,000 was paid. Silver Ltd had an annual leave provision of $40,000 on 1 July 2021. An annual leave expense of $30,000 was recognized for the year ended 30 June 2022. - Silver Ltd has an allowance for doubtful debts of $40,000 at the end of the reporting period relating to accounts receivable of $200,000. The prior period balances for these accounts were $30,000 and $150,000 respectively. During the current period, debts worth $8,000 were written off as uncollectable. REQUIRED: Prepare a deferred tax worksheet for Silver Q7.2 2 Points What is the amount of allowable deduction for development expenditure recognized in the current tax worksheet of Silver Ltd for the year ended 30 June 2022? (2 marks)