Smith Company reported pretax book income of $409,000. Included in the computation were favorable temporary differences of $51,800, unfavorable temporary differences of $20,900, and favorable permanent differences of $40,900. Using a tax rate of 34%, Smith's deferred income tax expense or benefit would be:

Net deferred tax benefit of $10,506.

Net deferred tax benefit of $24,718.

Net deferred tax expense of $24,718.

Net deferred tax expense of $10,506.