Exercise $13\mathrm{.}15($Amended from textbook version$)$

Hapu Ltd has determined its accounting profit before tax for the year ended $30$ June $2023$ to be $$256700.$ Included in this profit are the items of revenue and expense shown below.

The accounting profit for Hapu Ltd for the year ended $30$ June $2023$ also included a gain on sale of buildings of $$5000.$ The company$$s draft statement of financial position at $30$ June $2023$ showed the following assets and liabilities.

Additional information

$$ The tax depreciation rate for plant $($which cost $$150000,3$ years before$)$ is $20\%.$

$$ Depreciation on buildings is not deductible for taxation purposes. The gain on sale of buildings of $$5000($see above$)$ was recognised on buildings sold on $1$ January $2023$ that had cost $$100000$ when acquired on $1$ January $2017.$ The company depreciates buildings for accounting purposes at $5\%$ p$.$a$.,$ straight$-$line. Any gain $($loss$)$ on sale of buildings is not taxable $($not deductible$).$

$$ During the year, the following cash amounts were paid.

$$ Bad debts of $$3500$ were written off against the allowance for doubtful debts during the year.

$$ The $$15000$ spent $($and expensed$)$ on development during the year is not deductible for tax purposes until $30$ June $2024.$

$$ The income tax rate is $30\%.$

Required

Prepare the current tax worksheet for Hapu Ltd and the journal entry to recognise current tax at $30$ June $2023.$