PaintCo Inc Provide the GAAP Income Tax Footnote Rate Reconciliation for PaintCo

PaintCo Inc., a domestic corporation, owns 100% of BrushCo Ltd., an Irish corporation.Assume that the U.S.corporate tax rate is 35% and the Irish rate is 15%.PaintCo is permanently reinvesting BrushCo's earnings outside the United States under ASC 740-30 (APB 23).The corporations' book income, permanent and temporary book-tax differences, and current tax expense are reported as follows.
$$\begin{array} { l r r } & \text { PaintCo } & \text { BrushCo } \\\text { Book income before tax } & \$ 600,000 & \$ 400,000 \\\text { Permanent differences } & & \\\quad \text { Meals \& entertainment expense } & 40,000 & - 0 - \\\quad \text { Municipal bond interest income } & ( 10,000 ) & - 0 - \\\text { Temporary differences } & & \\\quad \text { Tax } > \text { book depreciation } & ( 100,000 ) & - 0 - \\\quad \text { Book } > \text { tax bad debt expense } & 20,000 & - 0 -\end{array}$$
Provide the GAAP income tax footnote rate reconciliation for PaintCo using both dollar amounts and percentages.