6) Oriole Company reported pretax net income from continuing operations of S 1,000,000 and taxable income of $ 1,200,000. The unfavorable book-tax difference of $200,000 was due to a $200,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $300,000 due to an increase in the reserve for bad debts, and a $1,000,000 unfavorable permanent difference from the disallowance of compensation expense related to the exercise of incentive stock options Compute Oriole's current income tax expense Compute Oriole's deferred income tax expense or benefit. a. c. Compute Oriole's effective tax rate d. Provide a reconciliation of Oriole's effective tax rate with its hypothetical tax rate of 21%. Morgan Corporation determined that S2,000,000 of the research credit on its current year tax return was uncertain, but that it was more likely than not to be sustained on audit. Management made the following assessment of the company's potential tax benefit from the credit and its probability of occurring