Lynch Company had a net deferred tax asset of $68,068 at the beginning of the year, representing a net taxable temporary difference of $200,200 (taxed at 34 percent). During the year, Lynch reported pretax book income of $800,800. Included in the computation were favorable temporary differences of $20,200 and unfavorable temporary differences of $50,100. At the beginning of the year, Congress reduced the corporate tax rate to 21 percent. Lynch's deferred income tax expense or benefit for the current year would be: