For 2020. its first year of operations, Birch Co. prepared the following reconciliation between accounting income and taxable income: $ 500,000 Accounting income Temporary difference: Estimated lawsuit expense Taxable income 400.000 $ 900.000 The estimated lawsuit expense of $400,000 will be deductible for tax purposes in 2022 when it is expected to be paid after the court case is settled. The income tax rate is 20% for 2020. In December 2020, enacted tax rates were 25% for 2021 and 30% for 2022. QUESTION What is the total income tax expense (current and deferred) for 2020? Select one: a. $150,000 D. $120.000 C. $100,000 d. 560,000