paxton inc.'s reconciliation between financial statement and taxable income for year 6 follows. pretax financial income $750,000 permanent difference (25,000) 725,000 temp difference: depreciation (60,000) temp difference: disallowed warranty expense 50,000 taxable income $715,000the enacted tax rate was 30% for year 6 and 35% for years thereafter. paxton estimates that 10% of any deferred tax asset will never be realized. in its year 6 income statement, what would paxton report as current income tax expense?
