52. Shaw Inc. reported pretax book income of $10,000,000.

During the current year, the reserve for bad debts increased by $100,000. In addition, tax depreciation exceeded book depreciation by $200,000. Shaw Inc.

sold a fixed asset and reported book gain of $50,000 and tax gain of $75,000. Finally, the company received

$250,000 of tax-exempt life insurance proceeds from the death of one of its officers. Compute the company’s deferred income tax expense or benefit.