Practical Question 1 - Accounting for Income Tax - Current Tax Worksheet - 9 Marks The profit before tax of Mackay Ltd for the year ended 30 June 2021, amounted to $60000, including the following revenue and expense items. - Rent is received in advanced and taxed when received. Total receipts for rent for this year are $3,500. - Bad debts written off for the year are $4,500. - Depreciation for tax purposes for the year ended 30 June 2021 amounted to $7,500. - Annual leave paid during the year is $2,000. - No employee took long service leave during the year. - The tax rate is 30%. Required: Prepare the current tax worksheet and the journal entry to recognise current tax at 30 June 2021. (9 Marks)