what is the Company$$s $2022$ current and deferred income tax expense.

Alpha Corporation (the Company) files as a C Corporation on a calendar year basis. The Company qualifies for and uses the cash method of accounting for income tax purposes. The Company's 2022 trial balance follows. The year 2022 is the first year of the CompanVs operations. Alpha Corporation Trial Balances 31-Dec-22 Cash Accounts receivable Investment account Equipment Accumuated depreciation Land Accounts payable Note payable bank Common stock Retained earnings Revenues Cost of goods sold Interest income Dividends (qualified) Long term capital gains Depreciation expense Fines and penalties Other Inforrnation 2022 Debits 250,000 440,000 700,000 50,000 70,000 10,000 Credits 70,000 100,000 100,000 10,000 5,000 40, ooo The Company operates exclusively in Florida and does not have any state filing requirements. The Company uses the 10-year straight-line method with no salvage value for financial reporting purposes and the DDB method, a recovery period of 5 years, a half year convention, and no salvage value for tax purposes. Required Calculate the Company's 2022 current and deferred income tax expense.