-/30 Question 5 of 5 View Policies Current Attempt in Progress The following differences enter into the reconciliation of financial income and taxable income of Crane Company for the year ended December 31, 2020, its first year of operations. The enacted income tax rate is 20% for all years. $830.000 (4120001 Pretax accounting income Excess tax depreciation Litigation accrual Unearned rent revenue deferred on the books but appropriately recognized in taxable income Interest income from New York municipal bonds 83,000 73,000 133,000) Taxable income 5541,000 1 2 Excess tax depreciation will reverse equally over a four-year period: 2021-2024. It is estimated that the litigation Kiability will be paid in 2024. Rent revenue will be recognized during the last year of the lease. 2024. Interest revenue from the New York bond is expected to be $33,000 each year until their maturity at the end of 2024. 3 (a) Prepare a schedule of future taxable and deductible amounts. (Enter negative amounts using either a negative sin preceding the number -15 or parentheseses (454 2021 2022 2023 NW met x Book Excel DELL (a) Prepare a schedule of future taxable and deductible amounts (Enter negative amounts using either a negative sin preceding the number eg, -45 or parentheses es (451) 2021 2022 2023 Future taxable (deductible amounts: Depreciation $ Litigation Unearned rent Safor Later Attempts:oof tused Submit Amwer (b) The parts of this question must be completed in order. This part will be available when you complete the part above MP3boca DOLL