Marlin Corporation reported pretax book income of $1,011,000. During the current year, the net reserve for warranties increased by $27,200. In addition, book depreciation exceeded tax depreciation by $101,100. Finally, Marlin subtracted a dividends received deduction of $16,100 in computing its current year taxable income. Using a tax rate of 34%, Marlin's current income tax expense or benefit would be:

$392,836.

$381,888.

$343,740.

$294,644.