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Bautista Corporation reported pretax book income of $1,560,000. Included in the computation were favorable temporary differences of $435,000, unfavorable temporary differences of $114,000, and favorable
Bautista Corporation reported pretax book income of $1,560,000. Included in the computation were favorable temporary differences of $435,000, unfavorable temporary differences of $114,000, and favorable permanent differences of $103,000. Compute the company's current income tax expense or benefit.
Note: Round your final answer to nearest whole dollar amount. Amounts to be deducted should be indicated by a minus sign.
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