Analyzing and Interpreting Income Tax Disclosures Apple Inc. reports the following footnote disclosure to its 2018 10-K report ($ millions). The provision for income taxes consisted of the following: Fiscal Year Ended September 29, 2018 Federal Current $57,995 Deferred (47,347) 10,648 State Current 771 Deferred 67 838 Foreign Current 5,580 Deferred 1,653 7,233 Total $18,719 a. What amount of income tax expense does Apple report in its income statement for 2018? $ million b. How much of Apple's income tax expense is current (as opposed to deferred)? $ million c. How do deferred taxes impact the tax expense that is reported on the income statement? As deferred tax liabilities increase, reported tax expense As deferred tax liabilities decrease, reported tax expense As deferred tax assets increase, reported tax expense > As deferred tax assets decrease, reported tax expense