Problem $17-44($LO $17-2)($Algo$)$

Cass Corporation reported pretax book income of $$10,740,000.$ During the current year, the reserve for bad debts increased by $$247,500.$ In addition, tax depreciation exceeded book depreciation by $$290,000.$ Cass Corporation sold a fixed asset and reported book gain of $$110,000$ and tax gain of $$143,500.$ Finally, the company received $$329,000$ of tax$-$exempt life insurance proceeds from the death of one of its officers. Compute the company's current income tax expense or benefit.

Note: Round your final answer to nearest whole dollar amount. Amounts to be deducted should be indicated by a minus sign.

$\backslash$table$[[$Pretax book income,$],[$Bad debt reserve,$],[$Depreciation$,],[$Fixed asset gain,$],[$Tax$-$exempt life insurance proceeds,$],[$Taxable income,$],[$Current income tax expense,$]]$