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Shaw Corporation reported pretax book income of $1,640,000. Included in the computation were favorable temporary differences of $152,500, unfavorable temporary differences of $70,000, and favorable

Shaw Corporation reported pretax book income of $1,640,000. Included in the computation were favorable temporary differences of $152,500, unfavorable temporary differences of $70,000, and favorable permanent differences of $130,000. Assuming a tax rate of 21 percent, compute the companys deferred income tax expense or benefit.

Deferred income tax benefit/expense

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