it with detailed computation

On December 31, 2020, the statement of financial position accounts of Simple Company have the same basis for accounting and tax purposes, except the following: Carrying amount Taxbase Difference Computer software cost 4,000,000 0 4,000,000 Equipment 15,000,000 12,000,000 3,000,000 Accrued liability-healthecare 2,000,000 0 2,000,000 In January 2020, the entity incurred cost of P6,000,000 in relation to the development of a computer software product. Considering the technical feasibility of the product, this cost was capitalized and amortized over 3 years for accounting purposes using straight line. However, the total] amount was expensed in 2020 for tax purposes. The equipment was acquired on January 1, 2020 for P20,000,000. The useful life of the equipment is 4 years with no residual value. The equipment is depreciated using the straight line for accounting purposes and sum of year's digits method for tax purposes. In January 2020, the entity entered into an agreement with the employees to provide health care benefits. The cost of such plan for 2020 was P2,000,000. This amount was accrued as expense in 2020 for accounting purposes. However, health care benefits are deductible for tax purposes only when actually paid. The pretax accounting income for 2020 is P13,000,000. The tax rate is 30% and there are no deferred taxes on January 1, 2020. Required: 1. Prepare journal entries to record the deferred tax liability, deferred tax asset and current tax expense. 2. Present the income tax expense in the income statement