Grand Corporation reported pretax book income of $$615,000.$ Tax depreciation

exceeded book depreciation by $$410,000.$ In addition, the company received

$$307,500$ of tax$-$exempt municipal bond interest. The company's prior$-$year tax return

showed taxable income of $$51,250.$ Grand's beginning book $($tax$)$ basis in its fixed

assets was $)$ and its ending book $($tax$)$ basis is $$2,525,000$

$($$$1,915,000).$ Compute the company's current income tax expense or benefit.

Note: Leave no answer blank. Enter N$/$A or zero.