purple rose corporation reported pretax book income of $500,000. tax depreciation exceeded book depreciation by $300,000. In addition, the company received $250,000 of tax exempt life insurance proceeds. Compte the following items:

a. CURRENT Income tax expense or benefit

b. DEFERRED Income tax expense or benefit

c. taxable income/NOL

d. book equivalent taxable income

e. income tax provision

f. effective tax rate

g. ending net deferred tax asset/liability if the beginning balande was a net deferred tax liability of $400,000.