Problem 17-75 (LO 17-5) The following information applies to the questions displayed below.] Randolph Company reported pretax net income from continuing operations of $851,000 and taxable income of $530,000. The book-tax difference of $321,000 was due to a $289,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $173,000 due to an increase in the reserve for bad debts, and a $205,000 favorable permanent difference from the receipt of life insurance proceeds. Problem 17-75 Part a a. Compute Randolph Company's current income tax expense. Current income tax expense Problem 17-75 Part b b. Compute Randolph Company's deferred income tax expense or benefit Problem 17-75 Part c c. Compute Randolph Company's effective tax rate. (Round your answer to 2 decimal places.) Effective tax rate % Problem 17-75 Part d d. Provide a reconciliation of Randolph Company's effective tax rate with its hypothetical tax rate of 21 percent. (Amounts to be deducted should be indicated by a minus sign. Round your percentages to 2 decimal places.) ETR reconciliation (in $) Income tax expense at 21% Income tax provision ETR reconciliation (in % 21.00% Hypothetical income tax rate Effective tax rate