Li Corporation reported pretax book income of $715,000. Tax depreciation exceeded book depreciation by $423,000. Li's beginning book (tax) basis in its fixed assets was $2,015,000 ($1,792,000) and its ending book (tax) basis is $1,915,000 ($1,338,000). In addition, the company received $415,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $130,000. Assuming a tax rate of 21 percent, compute the company's deferred income tax expense or benefit.
Note: Enter all numbers as a positive number and indicate whether a deferred tax expense or a deferred tax benefit.