Grand Corporation reported pretax book income of $$657,000.$ Tax depreciation exceeded book depreciation by $$438,000.$ In addition, the company received $$328,500$ of tax$-$exempt municipal bond interest. The company's prior$-$year tax return showed taxable income of $$54,750.$ Grand's beginning book $($tax$)$ basis in its fixed assets was $$2,095,000($$$1,876,000)$ and its ending book $($tax$)$ basis is $$2,595,000($$$1,957,000).$ Compute the company's current income tax expense or benefit.

what is the deferred income tax expense?