following information is available for Ivanhoe Corpora Depreciation reported on the tax return exceeded depreciation reported on the income statement by $126,000. This difference will reverse in equal amounts of $31,500 over the years 2026-2029. 2. Interest received on municipal bonds was $10,500. 3. Rent collected in advance on January 1, 2025, totaled $65,100 for a 3-year period. Of this amount, $43,400 was reported as unearned at December 31, 2025, for book purposes. 4. The tax rates are 20% for 2025 and 17% for 2026 and subsequent years. 5. Income taxes of $163,000 are due per the tax return for 2025. 6. No deferred taxes existed at the beginning of 2025. D