! Required information (The following information applies to the questions displayed below.] Randolph Company reported pretax net income from continuing operations of $997,000 and taxable income of $640,000. The book-tax difference of $357,000 was due to a $244,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $136,000 due to an increase in the reserve for bad debts, and a $249,000 favorable permanent difference from the receipt of life insurance proceeds. a. Compute Randolph Company's current income tax expense. Current income tax expense ! Required information (The following information applies to the questions displayed below.] Randolph Company reported pretax net income from continuing operations of $997,000 and taxable income of $640,000. The book-tax difference of $357,000 was due to a $244,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $136,000 due to an increase in the reserve for bad debts, and a $249,000 favorable permanent difference from the receipt of life insurance proceeds. a. Compute Randolph Company's current income tax expense. Current income tax expense