Grand Corporation reported pretax book income of $$645,000.$ Tax depreciation exceeded book depreciation by $$430,000.$ In addition, the company received $$322,500$ of tax$-$exempt municipal bond interest. The company's prior$-$year tax return showed taxable income of $$53,750.$ Grand's beginning book $($tax$)$ basis in its fixed assets was $$2,075,000($$$1,860,000)$ and its ending book $($tax$)$ basis is $$2,575,000($$$1,945,000).$ Compute the company's current income tax expense or benefit.