I need help with 2 tax questions, please assist. I have attached the document.

Tax Problems-Chapter 17 1. Grand Corporation reported pretax book income of $617,500. Tax depreciation exceeded book depreciation by $500,000. In addition, the company received $280,000 of tax-exempt municipal bond interest. The company's prior year tax return showed taxable income of $82,000. Assuming a tax rate of 34 percent, compute the company's current income tax expense or benefit. 2. Shaw Corporation reported pretax book income of $1,300,000. Included in the computation were favorable temporary differences of $277,500, unfavorable temporary differences of $55,000, and favorable permanent differences of $144,000. Assuming a tax rate of 34 percent, compute the company's deferred income tax expense or benefit