Cass Corporation reported pretax book income of $9,800,000. During the current year, the reserve for bad debts increased by $322,500. In addition, tax depreciation exceeded book depreciation by $402,500. Cass Corporation sold a fixed asset and reported book gain of $65,250 and tax gain of $92,500. Finally, the company received $298,000 of tax-exempt life insurance proceeds from the death of one its officers. Compute the compary'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