Problem 1) Say What Corporation reported pretax book income of $900,000. Tax depreciation exceeded book depreciation by $400,000. In addition, the company received $150,000 of tax- exempt municipal bond interest. Say What used a net operating loss carryover of $200,000 to offset taxable income in the current year. Compute Say What's book equivalent of taxable income. Use this number to compute Say What's total income tax provision or benefit for the current year, assuming a tax rate of 34%.