Althohoinning of 2021: Sheridan, Inc. had a deferred tax asset of $22500 and a deferred tax liability of 532500. Pre-tax accounting income for 2021 was $1550000 and the enacted tax rate is 2017. The following terms are included in Sheridan's pre-tax income: Interest income from municipal bonds Accrued warranty costs, estimated to be paid in 2022 Operating loss carryforward Installment sales profit, will be taxed in 2022 Prepaid rent expense, will be used in 2022 $125000 $265000 $195000 S135000 $62500 What is Sheridan, Inc.'s taxable income for 2021? $1802500 52332500 $1550000 $1297500