Purple Rose Corporation reported pretax book income of $600,000. Book depreciation exceeded tax depreciation by $100,000 and the reverse for bad debt was decreased by 5,000. In addition, the Company the company received 10,000 of tax-exempt municipal bond interest income and incurred $12,000in nondeductible meal and entertainment expenses included in the books . the prior year tax return tax return showed taxable income of 250,000.

Compute corp. current incometax expense or benefit Compute corp. current defered incometax expense or benefit