Grand Corporation reported pretax book income of $710,000. Tax depreciation exceeded book depreciation by $525,000. In addition, the company received $305,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $69,000. Compute the company's current and deferred income tax expense or benefit. (Leave no answer blank. Enter N/A or zero.) Answer is complete but not entirely correct. N/A $ 0 Current income tax Deferred income tax expense $ 32,980 X