Grand Corporation reported pretax book income of $$621,000.$ Tax depreciation exceeded book depreciation by $$414,000.$ In addition, the company received $$310,500$ of tax$-$exempt municipal bond interest. The company's prior$-$year tax return showed taxable income of $$51,750.$ Grand's beginning book $($tax$)$ basis in its fixed assets was $$2,035,000($$$1,828,000)$ and its ending book $($tax$)$ basis is $$2,535,000($$$1,921,000).$ Compute the company's current income tax expense or benefit.