he following information is available for Headland Corporation for 2024 (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 20252028. 2. Deferral, for book purposes, of $20,200 of rent received in advance. The rent will be recognized in 2025 . 3. Pretax financial income, $310,100. 4. Tax rate for all years, 20%. (a) Compute taxable income for 2024