Grand Corporation reported pretax book income of $675,000. Tax depreciation exceeded book depreciation by $450,000. In addition, the company received $337,500 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $56,250. Compute the company's current income tax expense or benefit. (Leave no answer blank. Enter N/A or zero.) Answer is complete but not entirely correct. Current income tax Deferred income tax N/A S 153,563 expense 94,500