Grand Corporation reported pretax book income of $627,500. Tax depreciation exceeded book depreciation by $490,000. In addition, the company received $290,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $61,000. Compute the company's current and deferred income tax expense or benefit. (Leave no answer blank. Enter N/A or zero.) Current income tax Deferred income tax Grand Corporation reported pretax book income of $627,500. Tax depreciation exceeded book depreciation by $490,000. In addition, the company received $290,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $61,000. Compute the company's current and deferred income tax expense or benefit. (Leave no answer blank. Enter N/A or zero.) Current income tax Deferred income tax