he following information is available for Flint Corporation for 2019 (its first year of operations).

1.		Excess of tax depreciation over book depreciation, $36,800. This $36,800 difference will reverse equally over the years 20202023.
2.		Deferral, for book purposes, of $18,300 of rent received in advance. The rent will be recognized in 2020.
3.		Pretax financial income, $320,500.
4.		Tax rate for all years, 20%.

(a)

Compute taxable income for 2019.

Taxable income

$enter Taxable income in dollars

Save for Later