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Cullumber Corporation prepared the following reconciliation for its first year of operations: Pretax financial income for 2021 $3300000 Tax exempt interest (162000) Originating temporary difference

Cullumber Corporation prepared the following reconciliation for its first year of operations:

Pretax financial income for 2021 $3300000
Tax exempt interest (162000)
Originating temporary difference (474000)
Taxable income $2664000

The temporary difference will reverse evenly over the next 2 years at an enacted tax rate of 30%. The enacted tax rate for 2021 is 20%. What amount should be reported in its 2021 income statement as the current portion of its provision for income taxes?

$532800

$799200

$660000

$990000

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