At the end of its first year of operations on December 31, 2024, the Metro Company reported pretax financial income of $100,000. An investigation of that income revealed the following items: Interest income on municipal bonds: $32,000 Product warranty expense for accounting purposes: $26,000 Cash expenditures for product warranty expenses: $10,000 Depreciation claimed on the 2024 tax return in excess of depreciation on the 2024 income statement: $15,000. Fines for pollution appear as an expense of $11,000 on the income statement, but not on the tax return (not tax-deductible permanently)