Cass Corporation reported pretax book income of $10.060.000. During the current year, the reserve for bad debts increased by $145,000. In addition, tax depreciation exceeded book depreciation by $385.000. Cass Corporation sold a fixed asset and reported book gain of $75,000 and tax gain of $121,500 Finally, the company received $326,000 of tax exempt life insurance proceeds from the death of one of its officers. Compute the company's current income tax expense or benefit (Round your final answer to nearest whole dollar amount. Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct. Pretax book income Bad debt reserve Depreciation Fixed asset gain Tax-exempt life insurance proceeds Taxable income Current income tax expense $ 10,600,000 $ 172,500 227,500 27,500 270,000 X $ 10,302,500 $ 21