Grand Corporation reported pretax book income of $642,000. Tax depreciation exceeded book depreciation by $428,000. In addition, the company received $321,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $53,500. Grand's beginning book (tax) basis in its fixed assets was $2,070,000 ($1,856,000) and its ending book (tax) basis is $2,570,000 ($1,942,000). Compute the company's current income tax expense or benefit. Note: Leave no answer blank. Enter N/A or zero. **Tax Rate 21%**

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Answer is not complete. } \\ \hline Current income tax & N/A & 0 \\ \hline Deferred income tax & expense & \\ \hline \end{tabular}