Black, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year. Assume a 21% corporate tax rate and no valuation allowance. Tax Debit (Credit) Book Debit (Credit) Assets Cash $ 300 $ 300 Accounts receivable 5,000 5,000 Buildings 300.000 300.000 Accumulated depreciation (150,000) (80,000) Furniture & fixtures 40,000 40,000 Accumulated depreciation (21.000) (15,000) $174.300 Total Assets $250,300 Liabilities Accrued litigation expense Note payable Total liabilities $-0- (116.000) ($116.000) ($ 27,000) (116,000) ($143.000) Stockholders' Equity Paid-in capital Retained earnings Total liabilities and stockholders' equity ($ 1,000) (57.300) ($ 1,000) (106,300 ($174.300) ($250.300) Black, Inc.'s, gross deferred tax assets and liabilities at the beginning of Black's year are as follows: Accrued litigation expense Subtotal Applicable tax rate Gross deferred tax asset Beginning of Year $20.000 $20.000 x 21% $4,200 ($61,000) (3.000) Building Accumulated depreciation Furniture & fixtures - Accumulated depreciation Subtotal Applicable tax rate Gross deferred tax liability ($64.000) X 21% ($13.440 Black, Inc.'s, book income before tax is $6,000. Black records two permanent book-tax differences. It earned $250 in tax-exempt municipal bond interest, and it incurred $500 in nondeductible business meals expense. Calculate Black's current tax expense