QUESTION ONE $[30]$High Maintenance is a company operating in the cleaning industry. The company offers business a professional cleaning service at a fee. The following information has been presented to you: Extracts from Balance Sheet as at $31$ December $202320232022$ R R Property, plant and equipment $?177500$ Expenses prepaid $($allowable deduction for $2023)50000$ Income tax received in advance $($taxable in the year of receipt$)140007500$ Additional information: $$ The tax base of the property, plant and equipment balance at $31$ December $2022$ was R$145000.$ During $2023$ depreciation was R$17500$ and wear and tear allowed was R$12500.$ There was no other movement of property, plant and equipment during $2023.$ Profit before tax is R$150000.$ Dividend income of R$2500$ was earned during $2023.$ There are no other temporary or permanent differences other than those evident from the information provided. $$ The normal income tax rate is $30\%.$ Required: $1\mathrm{.}1$ Calculate the deferred income tax balance at $31$ December $2022$ and $2023.(7)1\mathrm{.}2$ Calculate the current income tax for the year ended $31$ December $2023.(9)1\mathrm{.}3$ Journalise the current and deferred income tax adjustments for the year ended $31$ December $2023.(6)1\mathrm{.}4$ Disclose the deferred tax note to the balance sheet as at $31$ December $2023$ in accordance with International Financial Reporting Standards $($IFRS$).(8)$