Required information [The following information applies to the questions displayed below] Hafnaoul Compony reported pretax net income from continuing operations of $800,000 and taxable income of $500,000 The book-tax difference of $300,000 was due to a $200,000 favorable temporary difference relating to depreciation, an unfovorable temporary difference of $80,000 due to an increase in the reserve for bad debts, and a $180,000 favorable permanent difference from the receipt of life insurance proceeds. a. Compute Hafnaoul Company's current income tax expense. Required information [The following information applies to the questions displayed below] Hafnaoul Company reported pretax net income from continuing operations of $800.000 and taxable income of $500.000 The book-tax difference of $300,000 was due to a $200,000 favorable temporary difference relating to depreciation. an unfavorable temporary difference of $80,000 due to an increase in the reserve for bad debts, and a $180,000 tavorable permanent difference from the receipt of life insurance proceeds. b. Compute Hafnaoul Company's deferred income tax expense or (benefit). Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefic