QUESTION 9 Randolph Company reported pre-tax net income from continuing operations of $810,000 and taxable income of $485,000. The book-tax difference of $325,000 was due to a $205,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $70,000 due to an increase in the reserve for bad debts, and a $190,000 favorable permanent difference from the receipt of life insurance proceeds. Randolph Company's applicable tax rate is 21%. Compute Randolph Company's current income tax expense. 3 points Save Answer