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A company prepared the following reconciliation for 2021: Pretax financial income for 2021 S611,000 Originating temporary difference 16,000 Permanent difference _(30.000) Taxable income $XXXX (Figure

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A company prepared the following reconciliation for 2021: Pretax financial income for 2021 S611,000 Originating temporary difference 16,000 Permanent difference _(30.000) Taxable income $XXXX (Figure this amount out on your own. Note: the parentheses outside the permanent difference mean subtraction). The temporary difference will reverse evenly over the next two years (i.e., 2022 and 2023). The enacted income tax rates are 35% for 2021 and 2022, and 30% for 2023. Compute the company's income tax expense for 2021

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