Bautista Corporation reported pretax book income of $1,000,000. Included in the computation were favorable temporary differences of $200,000, unfavorable temporary differences of $50,000, and favorable permanent differences of $100,000. Compute the company's current income tax expense or benefit. Note: Amounts to be deducted should be indicated by a minus sign. Answer is complete but not entirely correct. Pretax book income Favorable temporary differences Unfavorable temporary differences $ 1,000,000 (200,000) 50,000 Favorable permanent differences (100,000) Taxable income 750,000 Current income tax expense $ 255,000 Akoto Corporation reported pretax book income of $2,000,000. Tax depreciation exceeded book depreciation by $500,000. During the year, the company capitalized $250,000 into ending inventory under $263A. Capitalized inventory costs of $150,000 in beginning inventory were deducted as part of cost of goods sold on the tax return. Compute the company's taxes payable or refundable. Note: Amounts to be deducted should be indicated by a minus sign. Answer is complete but not entirely correct. Pretax book income Depreciation Inventory Taxable income $ 2,000,000 ( 500,000 100,000 $ 1,600,000 ( Current income taxes payable $ 544,000