SQ 3-5 Crunchy Ltd has just prepared financial statements for its first year of operations. The balance of Income Tax Expense shown in the Income Statement is $58 000 Dr. The balance of Current Tax Payable (which may also be referred to as Income Tax Payable) is $40 000 Dr. Assuming Crunchy Ltd has no permanent differences, clearly identify and explain one possible reason for Income Tax Expense being higher than Current Tax Payable. (Note: be specific in the reason!)