Required information [The following information applies to the questions displayed below.] Hafnaoui 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. b. Compute Hafnaoui 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 benefit