Assignment One Question At $30$ June $2023$ Maximum Ltd provided the following information from its balance sheet about its assets and liabilities Maximum Ltd depreciates computers over five years in its accounting records but over three years for tax purposes. The straight$-$line method is used. No amounts were paid for long service leave or warranty claims during the year. The following information is available for the following year, the year ending $30$ June $2024.$ During the year, Maximum Ltd wrote off bad debts amounting to $$15000.$ Warranty costs of $$70000$ were paid during the year. No amounts were paid for long service leave during the year. The following information is extracted from the statement of financial position at $30$ June $2024$: There was no acquisition of plant and equipment during the year. The tax rate as at $30$ June $2023$ and $30$ June $2024$ was $30$ per cent. Required$-$Calculation Questions Calculate the amount of each of Maximum Ltd$\text{'}$s temporary differences, if any, at $30$ June $2023,$ and state whether it is deductible or taxable. Present your answer using the following table format $($show workings where relevant$)$: What is the balance of the deferred tax liability and deferred tax asset as at $30$ June $2023?$ Complete a worksheet showing the deferred tax balances for the year ended $30$ June Hint: the opening balances calculated for the previous year have to be deducted. Complete the relevant general journal entries to record current tax and deferred tax for the year ending $30$ June $2024.$