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During 2 0 2 5 , Bonita Co . ' s first year of operations, the company reports pretax financial income at $ 2 6

During 2025, Bonita Co.'s first year of operations, the company reports pretax financial income at $269,200. Bonita's enacted tax rate is 45% for 2025 and 20% for all later years. Bonita expects to have taxable income in each of the next 5 years. The effects on future tax returns of temporary differences existing at December 31,2025, are summarized as follows.
\table[[,Future Years,Total],[,2026,2027,2028,2029,2030],[Future taxable (deductible) amounts:],[Installment sales,$32,200,$32,200,$32,200,,,$96600
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