Required information [The following information applies to the questions displayed below] Hafnaoul Company reported pretax net income from continuing operations of $741,500 and taxable income of $507,500. The book-tax difference of $234,000 was due to a $217,000 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 $183,000 favorable permanent difference from the receipt of life insurance proceeds. d. Provide a reconciliation of Hafnaoui Company's effective tax rate with its hypothetical tax rate of 21 percent. Note: Amounts to be deducted should be indicated by a minus sign. Round your percentages to 2 decimal places