Harrison Corporation reported pretax book income of $715,000. Tax depreciation exceeded book depreciation by $475,000. In addition, the company received $360,000 of tax-exempt municipal bond interest. The companys prior-year tax return showed taxable income of $84,000. Compute the companys deferred income tax expense or benefit.

Marginal Tax Rate, 2018 : 21%

Harrison Corporation reported pretax book Income of $715,000. Tax depreclation exceeded book depreclation by $475.000. In addition, the company recelved $360,000 of tax-exempt municlpal bond Interest. The company's prior-year tax return showed taxable Income of $84,000. Compute the company's deferred Income tax expense or benefit