Woodward Corporation reported pretax book income of $1,462,500. Included in the computation were favorable temporary differences of $285,000, unfavorable temporary differences of $118,500, and favorable permanent differences of $161,000. Compute the companys current income tax expense or benefit.

Pretax book income	$1,462,500
Favorable temporary differences
Unfavorable temporary differences
Favorable permanent differences
Taxable income
Current income tax expense