Grand Corporation reported pretax book income of $$630,000.$ Tax depreciation exceeded book depreciation by $$420,000.$ In addition,

the company received $$315,000$ of tax$-$exempt municipal bond interest. The company's prior$-$year tax return showed taxable income of

$$52,500.$ Grand's beginning book $($tax$)$ basis in its fixed assets was $)$ and its ending book $($tax$)$ basis is

$$2,550,000($$$1,930,000).$ Compute the company's current income tax expense or benefit.

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

Answer is complete but not entirely correct.