uved Help Save & Exit Submit Costello Corporation reported pretax book income of $500,600. During the current year, the reserve for bad debts increased by $6,200. In addition, tax depreciation exceeded book depreciation by $40,600. Finally, Costello received $3,300 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be: lic he ed P Multiple Choice 100 000 tello $7,917 net deferred tax expense, d this $7.224 net deferred tax expense. incon reser book de differe $7.224 net deferred tax benefit Income 0 - $41,0 $7,884 net deferred tax benefit Angel Corporation reported pretax book income of $1,026,000. During the current year, the net reserve for warranties increased by $28,900. In addition, tax depreciation exceeded book depreciation by $106,500, Finally, Angel subtracted a dividends received deduction of $30,200 in computing its current-year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is: OB Multiple Choice $199,164 D $193,095 $215,460 O $209,391 ev