23, XYZ Corporation reported pretax book income of $5,000,000. During the year, tax depreciation exceeded book depreciation by $100,000. XYZ received $25,000 of tax-exempt life insurance proceeds from the death of one of its officers. Lastly, XYZ deducted $50,000 of a dividends received deduction on its tax return. What is XYZ's current income tax expense? Assume a 21 percent federal tax rate.