Applied Research Corporation, a C corporation, claimed a $1,000,000 research and development tax credit on its 2023 federal income tax return. The company determined that the amount of the credit was uncertain, but that, based on its analysis of the technical rules, it was more likely than not that the companys position that it satisfied the requirements for the credit would be sustained by the IRS on audit. Management determined that it was 40% likely that the company would ultimately be successful in sustaining the full $1,000,000 research and development tax credit, and that it was 60% likely that the company would ultimately be successful in sustaining $750,000 of the credit. Based on this analysis, Applied Research Corporation would record an increase to its current income tax expense in 2023 of: a. $1,000,000 b. $0 c. $750,000 d. $600,000 e. $250,000