. Howard Companys taxable income and other financial data for 2018 is presented below:

Taxable Income	$250,000
Interest Received on Municipal Bonds	40,000
Fine for Pollution from EPA	20,000
Product Warranty Expense for Accounting Purposes	50,000
Cash Expenditures for Product Warranty Expenses	40,000
Gross Profit on Installment Sales for 2018	120,000
Gross Profit Recognized in 2018 for Tax Purposes Based on Installment Sales in 2018	80,000

REQUIRED: Calculate Howards 2018 pretax financial income.