Prepare a worksheet to calculate taxable income

1) Prepare a current worksheet to calculate taxable income and the current tax liability as at 30 June 2011, and prepare any necessary journal entry; 2) Prepare a deferred tax worksheet (use the below format in your answer) to determine the deferred tax balances as at 30 June 2011, and prepare any necessary journal entries.
NB:
a) Only include accounts that will incur temporary differences between carrying amounts and tax bases, use asset net values to calculate the temporary differences. b) It will be necessary to reconstruct some accounts in order to determine either accounting or tax items.

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