CC Corporation provides you with the following information from its accounting records this year. Related to income and all but tax differences. Pre tax book income: 319,000. GAAP warranty expense: 43,000, Allowable warranty deductions 37,000. Bribes and penalties :14,000. Tax depreciation in excess of book depreciation: 36,000. Non deductible. Meal cost :9000. Other taxes and income: 11,000. Capital loss recognized on books in current year :12,000. (There was no capital gains this year.) Assume that only 7000 of the capital loss. Care for has. A greater than 50% chance of being deducted before expiration Using this Information Calculate both current and deferred tax expenses for C Corporation, assuming a constant 21% tax rate for all years