Kramer Corporation reports the following temporary differences in its roll forward template: Current Kramer's book income before tax was $10 million and net permanent book-tax differences of $2.85 million (unfavorable). In addition, the following transactions took place: Kramer's bad debt expense per books was $800,000: actual write-offs amounted to $660,000. Accrued vacation pay amounted to $2 million for books and $1, 140,000 at the beginning of the year. At the end of the year, these numbers were $1.8 million and $600,000 respectively. The tax depreciation was $335,000 higher than book depreciation. Kramer had a net capital loss of $45,000. Requirements: Determine the following for Kramer: 1. Net current deferred tax asset/liability at the end of the year. 2. Net noncurrent deferred tax asset/liability at the end of the year. 3. Current tax expense or benefit. 4. Deferred tax expense or benefit. 5. Provision for income taxes (aka income tax expense per books) 6. Effective tax rate Kramer Corporation reports the following temporary differences in its roll forward template: Current Kramer's book income before tax was $10 million and net permanent book-tax differences of $2.85 million (unfavorable). In addition, the following transactions took place: Kramer's bad debt expense per books was $800,000: actual write-offs amounted to $660,000. Accrued vacation pay amounted to $2 million for books and $1, 140,000 at the beginning of the year. At the end of the year, these numbers were $1.8 million and $600,000 respectively. The tax depreciation was $335,000 higher than book depreciation. Kramer had a net capital loss of $45,000. Requirements: Determine the following for Kramer: 1. Net current deferred tax asset/liability at the end of the year. 2. Net noncurrent deferred tax asset/liability at the end of the year. 3. Current tax expense or benefit. 4. Deferred tax expense or benefit. 5. Provision for income taxes (aka income tax expense per books) 6. Effective tax rate