Problem 14-25 (LO. 1, 3, 4) Britton, Inc., an accrual basis C corporation, sells widgets on credit. Its pretax book income in its first year of operations is $50,000. Britton's book allowance for uncollectible accounts at the end of the year is $10,000. The applicable income tax rate (combined Federal, state, and global) for year 1 and thereafter is 30%. Compute Britton's year 1 current and deferred income tax expense. Current income tax expense 15,000 X Less: v deferred income tax benefit 3,000 Total income tax 12,000 X