For calendar 2020, the first year of Peanuts Corp.'s operation, it prepared the following reconciliation of accounting income to taxable income: Pre-tax accounting income $ 950,000 Deduct permanent difference Dividends income from another tax paying Canadian firm (100,000) Deduct reversible difference Depreciation expense, which will reverse in equal amounts in each of the next four years (400,000) Taxable income $ 450,000 Peanut's income tax rate is 25% for all years. What income taxes should the corporation report in its 2020 income statement? Current Income Tax Expense of $112,500 and Deferred Income Tax Expense of $100,000 Current Income Tax Expense of $112,500 and Deferred Income Tax Expense of $125,000 Current Income Tax Expense of $112,500 and Deferred Income Tax Benefit of $125,000 Current Income Tax Expense of $112,500 and Deferred Income Tax Benefit of $100,000