Li Corporation reported pretax book income of $610,000. Tax depreciation exceeded book depreciation by $402,000. Li's beginning book (tax) basis in its fixed assets was $1,910,000 ($1,708,000) and its ending book (tax) basis is $1,810,000 ($1,212,000). In addition, the company received $310,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $36,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefit.

L Corporation reported pretax book income of $610,000. Tax depreciation exceeded book depreciation by $402,000. Li's beginning book (tax) basis in its fixed assets was $1,910,000($1,708,000) and its ending book (tax) basis is $1,810,000($1,212.000). In addition. the company recelved $310,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $36.000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit. Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefit