Hendrie Inc. reported earnings before income taxes of $2,200,000 in 20x9. The tax rate for this year is 40%. Item a. Golf club dues, $20,000 b. Depreciation expense, $60,000 c. Development costs incurred during year, capitalized for accounting purposes, $100,000 d. Warranty costs accrued during year, $30,000 e. Interest and penalty for late payment payroll taxes, $25,000 f. CCA, $180,000 g. Amortization of capitalized development costs, $10,000 h. Costs incurred during year for warranty work completed, $22,000 Required: 1. After adjusting for all of the items listed above, what is the taxable income? Taxable income