AA Company started operations on January 1, 2021

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AA Company started operations on January 1, 2021. At the end of the first year of operations, AA reported pre-tax income of P2,800,000. An analysis of the components included in this computation was a P300,000 non-taxable revenue and instalment sales of P800,000 of which P350,000 remained uncollected (due March 15, 2023). For tax purposes, income from instalment sales is taxable only when cash is collected. The enacted tax rates for 2021 and future years is 30%.

a) What is the current tax expense of AA Company?

b) What is the deferred tax expense (benefit) of AA Company?

use negative sign(-) for benefit]