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Woodward Corporation reported pretax book income of $1,105,000. Included in the computation were favorable temporary differences of $335,000, unfavorable temporary differences of $63,750, and

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Woodward Corporation reported pretax book income of $1,105,000. Included in the computation were favorable temporary differences of $335,000, unfavorable temporary differences of $63,750, and favorable permanent differences of $142,000. Compute the company's current income tax expense or benefit. (Round your final answer to nearest whole dollar amount. Amounts to be deducted should be indicated by a minus sign.) Pretax book income Favorable temporary differences Unfavorable temporary differences Favorable permanent differences Taxable income $ 1,105,000 (335,000) 63,750 (142,000)

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