1: The pretax financial income of Coronado Company differs from its taxable income throughout each of 4 years as follows.

Year		Pretax Financial Income		Taxable Income		Tax Rate
2020		$305,000		$173,000		35	%
2021		349,000		216,000		20	%
2022		358,000		277,000		20	%
2023		429,000		615,000		20	%

Pretax financial income for each year includes a nondeductible expense of $29,100 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2020.

Prepare the income statement for 2021, beginning with income before income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

prepare coronado coampny income statement )partial)

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Net Income/Loss -------------------------------