how do you solve this problem Problem 19-1 The following information is available for Remmers Corporation for
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Problem 19-1 The following information is available for Remmers Corporation for 2014.
1.Depreciation reported on the tax return exceeded depreciation reported on the income statement by $134,400. This difference will reverse in equal amounts of $33,600over the years 20152018.2.Interest received on municipal bonds was $12,200.3.Rent collected in advance on January 1, 2014, totaled $65,100for a 3-year period. Of this amount, $43,400was reported as unearned at December 31, 2014, for book purposes.4.The tax rates are40% for 2014 and35% for 2015 and subsequent years.5.Income taxes of $323,100are due per the tax return for 2014.6.No deferred taxes existed at the beginning of 2014.
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