Burcham Corporation reported pretax book income of $$807,500.$ Tax depreciation exceeded book depreciation by $$690,000.$ In addition, the company received $$251,000$ of tax$-$exempt municipal bond interest. The company's prior$-$year tax return showed taxable income of $$36,000.$ Compute the company's book equivalent of taxable income and the company's total income tax provision or benefit.