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Woodward Corporation reported pretax book income of $1,290,000. Included in the computation were favorable temporary differences of $270,000, unfavorable temporary differences of $145,750, and favorable

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Woodward Corporation reported pretax book income of $1,290,000. Included in the computation were favorable temporary differences of $270,000, unfavorable temporary differences of $145,750, and favorable permanent differences of $112,000. Compute the company's current income tax expense or benefit. (Round your final answers 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 Tax rate S 1,290,000 (270,000) 145,750 (112,000) 1,053,750 rrent income tax expense

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