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At the beginning of 2 0 2 5 , Wildhorse, Inc. had a deferred tax asset of $ 1 8 5 0 0 and a

At the beginning of 2025, Wildhorse, Inc. had a deferred tax asset of $18500 and a deferred tax liability of $28500. Pre-tax accounting income for 2025 was $1470000 and the enacted tax rate is 20%. The following items are included in Wildhorse's pre-tax income:
\table[[Interest income from municipal bonds,$117000
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