Rimas Corporation reported prefax book income of $1.270.000 included in the computation were favorable temporary differences of $225.000, unfavorable temporary differences of $128,000, and favorable permanent differences of $140,000 Compute the company's bookequivalent of taxable income. Use this number to compute the company's total income tax provision or benefit Song incorporated reported pretax book income of $10,000,000. At the end of the year, the reserve for bad debts had o balance of $100.000; there was no beginning balance in the account. In addition, tax depreciation exceeded book depreciation by $200.000. Song incorporated sold a fuxed asset and reported book gain of $50,000 and tax gain of $75,000. Song's beginning book (tax) basis in its fixed assets was $1,000,000 (\$800,000) and its ending book (tax) basis is $1,500,000($1,125,000). Finally, the company received $250,000 of tax-exempt life insurance proceeds from the death of one of its officers. Assuming a tax rate of 21 percent, compute the compary's deferred income tax expense or benefit. Note: Enter all numbers as a positive number and indicate whether either a deferred tax expense or a deferred tax liability