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Harrison Corporation reported pretax book income of $758,000. Tax depreciation exceeded book depreciation by $595,000. In addition, the company received $311,000 of tax-exempt municipal bond

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Harrison Corporation reported pretax book income of $758,000. Tax depreciation exceeded book depreciation by $595,000. In addition, the company received $311,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $74,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. Assume CARES Act applies. Answer is complete but not entirely correct. Deferred income tax expense $ 93,870

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