Grand River Corporation Reported Pretax Book Income of $600,000

Grand River Corporation reported pretax book income of $600,000. Included in the computation were favorable temporary differences of $150,000, unfavorable temporary differences of $90,000, and favorable permanent differences of $140,000. The corporation's current income tax expense or benefit would be:

A) $126,000 tax benefit.
B) $132,300 tax expense.
C) $113,400 tax benefit.
D) $84,000 tax expense.