3. Batman prepared the following reconciliation of pretax financial statement income to taxable income for the year ended December 31, year 1, its first year of operations: Pretax financial income 160,000 Municipal interest (5,000) Long term loss 10,000 Excess depreciation (25,000) Taxable income 140,000 In its year 1 income statement, what amount should Batman report as income tax expense- current portion? Answer 3. Batman prepared the following reconciliation of pretax financial statement income to taxable income for the year ended December 31, year 1, its first year of operations: Pretax financial income 160,000 Municipal interest (5,000) Long term loss 10,000 Excess depreciation (25,000) Taxable income 140,000 In its year 1 income statement, what amount should Batman report as income tax expense- current portion