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Harrison Corporation reported pretax book income of $735,000. Tax depreciation exceeded book depreciation by $605,000. In...

Harrison Corporation reported pretax book income of $735,000. Tax depreciation exceeded book depreciation by $605,000. In addition, the company received $240,000 of tax-exempt municipal bond interest. The company’s prior-year tax return showed taxable income of $90,000. Compute the company’s deferred income tax expense or benefit.

Deferred income tax expense =

The answer is not 4,200 FYI.

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