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Cass Corporation reported pretax book income of $11.450,000. During the current...

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Accounting

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Cass Corporation reported pretax book income of $11.450,000. During the current year, the reserve for bad debts increased by 5180.000. In addition, tax depreciation exceeded book depreciation by $297500. Cass Corporation sold a feed asset and reported book gain of $90.750 and tax gain of $128.750. Finally, the company received $256.000 of tax-exempte Insurance proceeds from the death of one of its officers. Compute the company's current income tax expense or benefit. (Round your final answers to nearest whole dollar amount. Amounts to be deducted should be indicated by a minus sign) Pretax bock come Increase in bad debt reserve Excess tax depreciation Excess tax overbook on Texte proces to search O te m9 DELL OMODO01

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