Cass Corporation reported pretax book income of $8,770,000. During the current year, the reserve for bad debts increased by $305,000. In addition, tax depreciation exceeded book depreciation by $382,500. Cass Corporation sold a fixed asset and reported book gain of $80,250 and tax gain of $113,250. Finally, the company received $275,000 of tax-exempt life insurance proceeds from the death of one of its officers. Compute the company's current income tax expense or benefit.

Note: Round your final answer to nearest whole dollar amount. Amounts to be deducted should be indicated by a minus sign.

Pretax Book Income	8,770,000
Bad Debt Reserve	305,000
Depreciation
Fixed Asset Gain	33,000
Tax Exempt Life Insurance Proceeds
Taxable Income
Current Income Tax Expense

* Depreciation is not 382500

*Tax Exempt Life Insurance Proceeds is not 275000