You have been assigned to compute the income tax provision for Motown Memories Incorporated (MM) as of December 31, 2022. The company's income statement for 2022 is provided below:

Note: Leave no answer blank. Enter zero if applicable.

Motown Memories Incorporated Statement of Operations at December 31, 2022
Net sales	$ 50,000,000
Cost of sales	28,000,000
Gross profit	$ 22,000,000
Compensation	$ 2,000,000
Selling expenses	1,500,000
Depreciation and amortization	4,000,000
Other expenses	500,000
Total operating expenses	$ 8,000,000
Income from operations	$ 14,000,000
Interest and other income	1,000,000
Income before income taxes	$ 15,000,000

You identified the following permanent differences:

Interest income from municipal bonds	$ 50,000
Nondeductible entertainment expenses	20,000
Nondeductible fines	5,000

MM prepared the following schedule of temporary differences from the beginning of the year to the end of the year:

Motown Memories Incorporated
Temporary Differences Scheduling Template
Taxable Temporary Differences	BOY Deferred Taxes	Current Year Change	EOY Cumulative T/D	EOY Deferred Taxes
Accumulated depreciation	$ (1,680,000)	$ (1,000,000)	$ (9,000,000)	$ (1,890,000)

Motown Memories Incorporated
Temporary Differences Scheduling Template
Deductible Temporary Differences	BOY Deferred Taxes	Current Year Change	EOY Cumulative T/D	EOY Deferred Taxes
Allowance for bad debts	$ 42,000	$ 50,000	$ 250,000	$ 52,500
Reserve for warranties	21,000	20,000	120,000	25,200
Inventory 263A adjustment	50,400	60,000	300,000	63,000
Deferred compensation	10,500	10,000	60,000	12,600
Accrued pension liabilities	630,000	250,000	3,250,000	682,500
Total	$ 753,900	$ 390,000	$ 3,980,000	$ 835,800

Required:

Compute MM's current income tax expense for 2022.

Compute MM's deferred income tax expense for 2022.

Prepare a reconciliation of MM's total income tax provision with its hypothetical income tax expense of 21 percent in both dollars and rates.