On January 1, 2013, Piranto acquires 90 percent of Slintons outstanding shares. Financial information for these two companies for the years of 2013 and 2014 follows: Note: Parentheses indicate a credit balance.

	2013	2014
Piranto:
sales	(729000)	(926000)
operating expense	486000	556000
unrealized gross profits yr end (included in above figures)	(215000)	(233000)
dividends income - Slinton	(9000)	(40500)
Slinton:
sales	(253000)	(320000)
operating expenses	142000	156000
dividends paid	(10000)	(45000)

Assume that a tax rate of 40 percent is applicable in both companies

On consolidated financial statements for 2014, what are the income tax expense and the income tax currently payable if Piranto and Slinton file a consolidated tax return as an affiliated group?

income tax expense	206400
income tax payabl	206400

On consolidated financial statements for 2014, what are the income tax expense and income tax currently payable if they choose to file separate returns?

Income tax expense	?????
Income tax payable	?????

Consolidated tax return figures are correct. Need help with the figures abobe (????) if they choose to file separate returns.

Objective - Compute taxable income and deferred tax amounts to be recognized when separate tax returns are filed by any of the affiliates of a business combination.