17 P 17-53 1 Problem 17-53 (LO 17-2) (Algo) Saved eBook Hint Ask Prin erences Li Corporation reported pretax book income of $825,000. Tax depreciation exceeded book depreciation by $560,000. In addition, the company received $315.000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $25.000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefit. Deferred income tax benefit Deferred Income tax expense Hell