Intended to help people change from being homosexual to heterosexual

Problem 3-13 (Algorithmic) (LO. 1, 3) Prance, Inc, earned pretax book net income of $1,281,000 in 2020 . Prance acquired a deprecisble asset that year, and first year tax depreciation exceeded book depreciation by $128,100. Prance reported no other temporary or permanent book-tax differences. The pertinent U.S. Federal corporate income tax rate is 21% and Prance earned an after-tax rate of return on capital of 8%. If required, round your answers to the nearest dollar. Compute Prance's current income tax expense for the year. x