Haag Corp.'s 2015 income statement showed pretax accounting income of $1,500,000. To compute the federal income tax liability, the following 2015 data are provided: Income from exempt municipal bonds $ 60,000 Depreciation deducted for tax purposes in excess of depreciation deducted for financial statement purposes 120,000 Estimated federal income tax payments made 300,000 Enacted corporate income tax rate 30% 1. (4 Points) What amount of current federal income tax liability should be included in Hagg's December 31, 2015 balance sheet? 2. (3 Points) What amount is a deferred tax asset or liability? 3. (3 Points) Show the Income Statement presentation