Ivanhoe Corporation had income before income tax of $229,000 in 2023. Ivanhoe's current tax expense is $42,800 and deferred tax expense is $25,671 (a) Your answer is correct. Prepare Ivanhoe's 2023 income statement, beginning with income before income tax. Calculate Ivanhoe's effective tax rate. (Round percentage answer to 1 decimal place, es .52.7\%.) Effective tax rate %