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Lin Ltd. reported the following: 20x7 (first year of 20x8 Earnings (loss) Depreciation (assets have a cost of $390,000) CCA Non-deductible expenses Tax rate operations) $99,000 $50,000 $65,080 $19,000 25% $(168,000) $ 50,000 $ 75,000 $ 19,000 25% -36 1. What is the amount of the taxable income or loss in each year? (Negative amounts and deductible amounts should a minus sign.) 20X7 20x8 Taxable income Accounting earnings Permanent difference Accounting income subject to tax Temporary difference 207 20X8 Tancable income Accounting earnings Permanent difference Accounting income subject to tax Temporary difference Taxable income 2. How much is the tax refund to be claimed in 20x8 Round the 2. How much is the tax refund to be claimed in 20X8? Relund tax 3. How much is tax expense (recovery) in 20X8, assuming that use of the loss carryforward is not probable? Tax expense