Ayayai Company reports pretex financial income of $72.600 for 2020. The following items cause taxable income to be different than pretax financial income, 2. 3. Depreciation on the tax return is greater than depreciation on the income statement by $17,200 Rent collected on the tax return is greater than rent recognized on the income statement by $20.300. Finestor pollution appear as an expense of $9.900 on the income statement Ayayai's tax rate is 30% for all years, and the company aspects to report taxable income in all future years. There are no deferred taxes at the beginning of 2020, Your answer is correct Compute taxable income and income taxes payable for 2020. Taxable income S 85600 Income taxes payable 5 25680 Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes." (Enter negative amounts using either a negative sign preceding the numbereg.-45 or parentheses eg. (451) Ayayal Company Income Statement (Partial) For the Year Ended December 31, 2020 Income before Income Taxes 72600 Income Tax Expense Current $ 25680 i Deferred 930 26610 Net Income /(Loss) 45990 e Textbook and Media List of Accounts X Your answer is incorrect Compute the effective income tax rate for 2020. (Round answer to 1 decimal places, eg, 25.5%) Effective income tax rate 36.7 96