Hopeful Company is preparing its 2020 year end income tax returns and the following differences were noted between financial reporting and tax reporting; Financial Tax Warranty Expense Php 360,000 Php 200,000 Revenue from installment sales 1,800,000 1,200,000 Premiums on officers' life insurance 120,000 None Hopeful Company reported a pretax income of Php 4,500,000 in its financial reporting. Income tax rate is 32% for all years. 1. How much is the current portion of Hopeful's income tax expense? complete solution. kamsa