The income tax account of Friends Ltd$.$ as at $1/1/2011$ was made as follows:

GHS$000$

Balance outstanding for $20091,800\mathrm{.}00$

Tax provision for $20102,600\mathrm{.}00$

$4,400\mathrm{.}00$

Less payment for $2009$ and $20105,950\mathrm{.}00$

Balance as at $31/12/20101,550\mathrm{.}00$

The following additional information relates to taxes:

$1.$ The final income tax for $2010$ has been agreed at GHS$3,200,000\mathrm{.}00$ the Revenue Authority. A provisional assessment of GHS$1,800,000\mathrm{.}00$ has been submitted by the Revenue Authority for $2011.$

$2.$ The tax paid during the current year amounted to GHS$120,000\mathrm{.}00$

$3.$ Taxable temporary differences and deductible temporary differences other than from the recognition of goodwill and business combination was GHS$6,000,000\mathrm{.}00$ and GHS$3,000,000\mathrm{.}00$ respectively

$4.$ Unused tax losses and unused tax credits amounted to GHS$500,000\mathrm{.}00$ and GHS$300,000\mathrm{.}00$ respectively

$5.$ The corporate tax rate is $25\%$ and is expected to remain the same for the next five years

$6.$ Sales amounting GHS$210,700,000\mathrm{.}00$ includes VAT of $12\mathrm{.}5\%$ and cost of sales of GHS$45,900,000\mathrm{.}00$ includes VAT at $12\mathrm{.}5\%.$ VAT amounting GHS$4,500,000\mathrm{.}00$ on purchases was however not included in arriving at the cost of sales.

$7.$ Opening stocks and closing stocks were GHS$30,500,000\mathrm{.}00$ and GHS$34,500,000\mathrm{.}00$ respectively

$8.$ During the year an amount of GHS$600,000\mathrm{.}00$ was withheld by a client of Friends Ltd$.$ as withholding taxes.

You are required to prepare the schedule to be included in the financial statements of Friends Ltd$.$