During 2020. Wildhorse's first year of operations, the company reports pretax financial income at $242,000. Wildhorse's enacted tax rate is 40% for 2020 and 2021 and 20% for all later years. Wildhorse 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, 2020, are summarized as follows. Deferred Tax Future Taxable Temporary (Deductible) Narranty costs (84,000) 20% Depreciation (19,000) Jepreciation 48,000 nstallment sales 60,000 installment sales 75,000 Totals eTextbook and Media