Required information Problem 17-75 (LO 17-5) (Algo) [The following information applies to the questions displayed below.] Hafnaoul Company reported pretax net income from continuing operations of $776,000 and taxable income of $570,000. The book-tax difference of $206,000 was due to a $268,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $166.000 due to an increase in the reserve for bad debts, and a $104,000 favorable permanent difference from the receipt of life insurance proceeds. Problem 17-75 Part a (Algo) a. Compute Hafnaoui Company's current income tax expense. Current income tax expense