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Problem $17-55($LO $17-2)($Algo$)$

Li Corporation reported pretax book income of $$650,000.$ Tax depreciation exceeded book depreciation by $$410,000.$ Li's beginning book $($tax$)$ basis in its fixed assets was $$1,950,000($$$1,740,000)$ and its ending book $($tax$)$ basis is $$1,850,000($$$1,260,000).$ In addition, the company received $$350,000$ of tax$-$exempt municipal bond interest. The company's prior$-$year tax return showed taxable income of $$84,000.$ Assuming a tax rate of $21$ percent, compute the company's deferred income tax expense or benefit.

Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefit.