Cardinal Corporation reported pretax book income of $3,000,000. During the current year, the reserve for bad debts increased by $200,000. In addition, book depreciation exceeded tax depreciation by $100,000. Cardinal sold a fixed asset and reported a book gain of $60,000 and a tax gain of $80,000. Finally, their reserve for warranties was increased by $24,000.

Compute Cardinal's current income tax expense or benefit.

AND

Compute Cardinal's deferred income tax expense or benefit.