0 Current Attempt in Progress Pharoah Company reports pretax financial income of $76,500 for 2025. The following items cause taxable income to be different than pretax financial income. 1. 2. 3. Depreciation on the tax return is greater than depreciation on the income statement by $15,700. Rent collected on the tax return is greater than rent recognized on the income statement by $23,400. Fines for pollution appear as an expense of $10,500 on the income statement. Pharoah's tax rate is 30% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2025.

Pharoah Company reports pretax financial income of $76,500 for 2025 . The foliowing items cause taxable income to be different than pretax financial income 1. Depreciation on the tax return is greater than depreciation on the income statement by $15,700. 2. Rent collected on the tan return is is reater than rent recognized on the income statement by $23,400 3. Fines for pollutionappearas an expense of 510,500 on the incomestatement: Pharoah's tax rate is 30% for all vears, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2025 . Prepare the income tax expense section of the income statement for 2025 , beginning with the line "Income before income taxes:" (Enter negative omounts using either a negative sign preceding the number e.g, -45 or porentheses.g. (45).)