Corporation Hs auditors prepared the following reconciliation between book and taxable income. Hs tax rate is 34 percent.

Net income before tax	$	606,000
Permanent book/tax differences		18,000
Temporary book/tax differences		(79,000	)
Taxable income	$	545,000

1. Compute Corporation Hs tax expense for financial statement purposes.
2. Compute Corporation Hs tax payable.
3. Compute the net increase in Corporation Hs deferred tax assets or deferred tax liabilities (identify which) for the year.