Question 9 2 pts Hawthom Co. reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by $60,000 and a dividends received deduction of $70,000 was claimed in computing taxable income. Under Code Sec. 263A, the company also (1) capitalized $30,000 of costs expensed for book purposes into ending inventory and (2) deducted cost of goods sold on the tax return $130,000 of costs capitalized into ending Inventory in a prior year. What is Hawthorn's current income tax expense (benefit)? O $201.600 expense O $176,400 expense O $210,000 expense O $184,900 expense Question 10 2 pts Palm Co. reported pretax book income of $1,000,000. During the current year, the reserve for warranties increased by $100,000. The company did not take any deductions on its tax return related to warranty payments made during the year. In addition, Palm sold a fixed asset and reported book gain of $40,000 and tax gain of $90,000. What is Palm's current income tax expense (benefit)? $241.500 expense O $210,000 cxpense O $249,900 expense O $199.500 expense Question 9 2 pts Hawthom Co. reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by $60,000 and a dividends received deduction of $70,000 was claimed in computing taxable income. Under Code Sec. 263A, the company also (1) capitalized $30,000 of costs expensed for book purposes into ending inventory and (2) deducted cost of goods sold on the tax return $130,000 of costs capitalized into ending Inventory in a prior year. What is Hawthorn's current income tax expense (benefit)? O $201.600 expense O $176,400 expense O $210,000 expense O $184,900 expense Question 10 2 pts Palm Co. reported pretax book income of $1,000,000. During the current year, the reserve for warranties increased by $100,000. The company did not take any deductions on its tax return related to warranty payments made during the year. In addition, Palm sold a fixed asset and reported book gain of $40,000 and tax gain of $90,000. What is Palm's current income tax expense (benefit)? $241.500 expense O $210,000 cxpense O $249,900 expense O $199.500 expense