Exercise 14-14 (Algorithmic) (LO. 1, 3) Prance, Inc., earned pretax book net income of $865,000 in 2020. Prance acquired a depreciable asset that year, and first-year tax depreciation exceeded book depreciation by $86,500. Prance reported no other temporary or permanent book-tax differences. The pertinent U.S. Federal corporate income tax rate is 21% and Prance earned an after-tax rate of return on capital of 8%. If required, round your answers to the nearest dollar. Compute Prance's current income tax expense for the year. 22,365 x