Tim Memang show Question 3 (15 marks) Roger Ltd commenced operations in 2021. The company incurred a loss of $1million in the accounting period ended 30 June 2021. It is expected that the company will not incur losses again and will generate taxable profit in subsequent years. The profits before tax in the following years are as follows: Year 2022 2023 2024 Profit before tax $300 000 $400 000 $600 000 It is assumed that there are no temporary differences between the carrying values of Roger Ltd's assets and liabilities and the respective tax bases. The tax rate is 30 per cent. Q3 Provide the journal entries to show the recognition of the asset associated with the tax loss, as well as the journal entries to recognise the use of the loss. (15 marks) HY B I AX, X" 66