Stone Corporation reported pretax book income of $1,000,000. Tax depreciation exceeded book depreciation by $300,000. Stone had a net deferred tax asset of $34,000 at the beginning of the year, representing a net deductible temporary difference of $100,000 (taxed at 34%). At the beginning of the tax year, Congress reduced the corporate tax rate to 21%. Compute the Company's current and deferred income tax expense or benefit for 2020. Provide journal entries to reflect these changes.