Everglade Pte Ltd (Everglade) conducts after-school remedial classes for secondary school children. Its net profit before tax for the year ended 31 December 2019 was $290,000.

Everglade received $5,000 dividend on 28 January 2019 which was accrued on 31 December 2018. For tax purpose, dividend is taxed upon receipt.

On 1 January 2019, Everglade bought five computers for a total amount of $15,000. The company depreciates the computers evenly over 4 years with zero residual value. The tax authority allows such equipment to be claimed as capital allowance on a straight-line basis over 3 years from the date of purchase.

On 30 November 2019, Everglade lost a lawsuit against Computer Club and had to pay $10,000 in compensation. At 31 December 2019, this loss was accrued but has not been paid yet. For tax purpose, loss from lawsuit would be tax deductible upon payment.

Everglade sold all its shareholdings in Precision Ltd for $40,000 on 1 December 2019 and recorded a gain on sale of $8,800. Such capital gain from investments are not subject to tax.

The balance for the deferred tax liability account as at 31 December 2018 was $850. The companys accountant has not accounted for any current or deferred tax for the financial year ended 31 December 2019.

Required:

Compute

1. the current tax expense and (4 marks)
2. the deferred tax expense (4 marks)

for the financial year ended 31 December 2019, assuming that the corporate tax rate for the year is 17%. Round your answers to the nearest dollar.