Woodward Corporation reported pretax book income of $1,417,500. Included in the computation were favorable temporary differences of $300,000, unfavorable temporary differences of $106,500, and favorable permanent differences of $192,000. Assuming a tax rate of 34 percent, compute the companys current income tax expense or benefit. (Amounts to be deducted should be indicated by a minus sign.)

Pre-tax book income
Favorable temporary differences
Unfavorable temporary differences
Favorable permanent differences
Taxable income
Tax rate		%