You have been assigned to compute the income tax provision for Tulip City Flowers Inc. (TCF) as of December 31, 2019. The company's income statement for 2019 is provided below: (Leave no answer blank. Enter zero if applicable.) Tulip City Flowers Inc. Statement of Operations at December 31, 2019 polnts Net sales $20,000,000 12,000,000 8,000,000 500,000 750,000 1,250,000 1,000,000 $ 3,500,000 4,500,000 25,000 Cost of sales Gross profit Compensation Selling expenses Depreciation and amortization Other expenses Total operating expenses Income from operations ook Print Interest and other income 4,525,000 Income before income taxes References You identified the following permanent differences: Interest income from municipal bonds Nondeductible stock compensation $10,000 5,000 $1,000 Nondeductible fines 00 You identified the following permanent differences: $10,000 $5,000 $ 1,000 Interest income from municipal bonds Nondeductible stock compensation Nondeductible fines TCF prepared the following schedule of temporary differences from the beginning of the year to the end of the year: Tulip City Flowers Inc Temporary Difference Scheduling Template BOY Current EOY EOY xable Year Deferred Cumulative Deferred Temporary Differences es Change $(500,000) T/D Taxes $(1,155,000) Accumulated depreciation $(1,050,000) $(5,500,000) BOY Current EOY EOY Deductible Deferred Year Cumulative Deferred Temporary Differences Change $10,000 20,000 xes T/D $110,000 20, 00 xes $23,100 4,200 Allowance for bad debts $21,000 Prepaid income Deferred compensation Accrued pension liabilities 10,500 105,000 $136,500 10,000 100,000 $140,000 60,000 600,000 $790,000 12,600 126,000 $165,900 Total Required: a. Compute TCF's current income tax expense or benefit for 2019. b. Compute TCF's deferred income tax expense or benefit for 2019. c. Prepare a reconciliation of TCF's total income tax provision with its hypothetical income tax expense of 21 percent in both dollars and rates. Required: a. Compute TCF's current income tax expense or benefit for 2019. b. Compute TCF's deferred income tax expense or benefit for 2019. c. Prepare a reconciliation of TCF's total income tax provision with its hypothetical income tax expense of 21 percent in both dollars and rates. Complete this question by entering your answers in the tabs below. Req A and B Req C a. Compute TCF's current income tax expense or benefit for 2019. b. Compute TCF's deferred income tax expense or benefit for 2019. Current income tax expense . Total income tax provision b Req A and B Req C