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Shaw Corporation reported pretax book income of $1,240,000. Included in the computation were favorable temporary differences of $342,500, unfavorable temporary differences of $307,000, and
Shaw Corporation reported pretax book income of $1,240,000. Included in the computation were favorable temporary differences of $342,500, unfavorable temporary differences of $307,000, and favorable permanent differences of $139,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit.
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