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CALCULATOR Exercise 19-4 Wildhorse Company reports pretax financial incme of $66,300 for 2017. The following items cause taxable income to be different than pretax financial

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CALCULATOR Exercise 19-4 Wildhorse Company reports pretax financial incme of $66,300 for 2017. The following items cause taxable income to be different than pretax financial income 1. Depreciation on the tax returm is greater than depreciation on the income statement by $16,200. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $21,100. 3. Fines for polilution appear as an expense of $10,700 on the income statement Wildhorse's tax rate is 40% for all years, and the company expects to report taxable income in afuture years. There are no deferred tases at the beginning or zon. Compute taxable income and income txes payable for 2017 Taiable income Income taxes payable OW LIST OF ACCOUNTS NK TO TEXT LINK TO TEXT

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