Grand Corporation reported pretax book income of $627,000. Tax depreciation exceeded book depreciation by $418,000. In addition, the company received $313,500 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $52,250. Grand's beginning book (tax) basis in its fixed assets was $2,045,000 ($1,836,000) and its ending book (tax) basis is $2,545,000 ($1,927,000). Compute the company's current income tax expense or benefit. Note: Leave no answer blank. Enter N/A or zero. Current income tax Deferred income tax N/A $ 0 expense (10,973)