QUESTION $2(25$ Marks$)$ Use the information below to answer the required question INFORMATION $1.$ Plant was purchased on $2$ January $2020$ for R$100000.$ The depreciation rate $10\%,$ wear & tear rate $20\%.2.$ Equipment was purchased on $30$ June $2019$ for R$80000.$ The depreciation rate $20\%,$ wear &tear rate $25\%3.$ Land was Purchased for R$200000$ on $1$ January $2018.4.$ The trade receivable balance as at $31$ December $2021$was R$35000.5.$ Interest receivable as at $31$ December $2022$ is R$100006.$ Dividends receivable balance from wholly owned subsidiary at $31$ December $2022$ for R$75007.$ R$400000$ is being claimed for residual damages from products sold. It seems likely that the company will have to pay for damages. The damages will be tax deductible. $$ Applicable tax rate for deferred tax purposes should be $28\%.$ Land is NOT depreciated and allowed by SARS to have any allowances. $$ Dividends are not taxable $.$ REQUIRED: Calculate deferred tax for the year ended $31$ December $2021$ and $2022$