Packard Corporation reported pretax book income of $500,900. Included in the computation were favorable temporary differences of $10,900, unfavorable temporary differences of $100,900, and unfavorable permanent differences of $80,450. The corporation's current income tax expense or benefit would be:

1. $140,984 tax expense.
2. $124,073 tax benefit.
3. $122,084 tax expense.
4. $105,189 tax benefit.