Hunton Corporations income statement for the year ended December 31, 2018, shows pretax accounting (book) income of $400,000. The following items for 2018 are treated differently on the tax return and on the accounting books:

Per tax return Per books

Royalty income $20,000 $40,000

Depreciation expense 125,000 100,000

Amortization of goodwill None 15,000

Assume that Huntons effective tax rate for 2018 is 40%.

A. Of Huntons total income tax expense, how much should be reported as current portion of income taxes (same as liability for taxes) in Huntons 2018 income statement?

B. Of Huntons total income tax expense, how much should be reported as deferred income taxes in Huntons 2018 income statement?