Nette plc purchases a machine for 800 on 1 January 20X5. It has an expected useful life of four years and an expected residual value of 253. Nette plc uses straight-line depreciation. Capital allowances for tax purposes are 25% reducing balance and the corporation tax rate is 33%. REQUIRED: 1 a) Prepare the income statement extracts (relating to deferred tax charges or credits); b) Prepare balance sheet extracts (relating to deferred tax provisions) for the years ended 31 December 20X5 to 20X8, using the balance sheet approach consistent with IAS 12