Part B (10 marks ) This question is NOT related to Part A The following represents an extract from the Statement of Financial Position of the assets and liabilities of Loyd Limited for the years ending 30 June 2019 and 2018 2019 2018 $ $ Assets Cash 56 000 68 000 Accounts receivable 55 000 46 000 Allowance for doubtful debts 8 200 ) (5 900 ) Inventory 36 000 29 000 Interest receivable 7 300 8 500 Deferred tax asset 12 150 Development costs 90 000 80 000 Less: Accumulated amortisation 45 000 ) 20 000 ) Plant & equipment 120 000 165 000 Less: Accumulated depreciation (72 000 ) (75 000 ) Liabilities Accounts payable 19 000 17 000 Deferred tax liability 20 550 Unearned rent revenue 14 000 12 600 Loan 60 000 50 000 Provision for long -service leave 13 200 12 000 Additional Information : a) Interest and rent revenue are both assessable when the cash is received b) A deduction of 125% for development costs can be claimed when the costs are paid. c) Doubtful debts are deductible for tax purposes when the debt is written off. d) Loyd Lid sold an item of equipment on 1 March 2019 for $26,000 . For tax purposes the carrying amount of equipment sold was $19,000 . There were no other disposals or acquisitions of equipment during the year e) The tax deduction for depreciation for 2019 was $18,000 and the accumulated depreciation at 30 June 2018 for taxation purposes was $65,000 f) Long -service leave is deductible when the payment is made g) The current tax rate is 30% Required: Prepare the deferred tax worksheet for Loyd Limited for the year ended 2019 and prepare the necessary journal entries to record movements in the deferred tax accounts . (10 marks )