SE Pat Te An America Help Seved Problem 17-57 (LO 17-2) (Algo) Burcham Corporation reported pretax book income of $707,500. Tax depreciation exceeded book depreciation by $565.000 In addition, the company received $272.000 of tax-exempt municipal bond interest. The company's prior-year tax retum showed taxable income of $62.000. Compute the company's book equivalent of taxable income. Use this number to compute the company's total income tax provision or benefit. Book equivalent of taxable income Total income tax provision or (benefit)