Grand Corporation reported pretax book income of $600,000. Tax depreciation exceeded book depreciation by $400,000. addition, the company recelved $300,000 of tax-exempt municipal bond interest. The company's prior-year tax return showe income of $50,000. Compute the company's current income tax expense or benefit. Note: Leave no answer blank. Enter N/A or zero. Grand Corporation reported pretax book income of $600,000. Tax depreciation exceeded book depreciation by $400,000. In addition, the company recelved $300,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $50,000. Compute the company's current income tax expense or benefit. Note: Leave no answer blank, Enter N/A or zero