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Improved Shoes Company reconded book income of 5100,000 in 2020 . It does not have any pernanent differences, and the only temporary diflerence relates to

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Improved Shoes Company reconded book income of 5100,000 in 2020 . It does not have any pernanent differences, and the only temporary diflerence relates to a $75, 000 instaliment sale that The bock basis of the instaliment sales receivable from the installment sales is than the tax basia of the wsset. The tax rate imereved Shoos Company wit wee to caloulase the ceterred tax amount is Thareforo, improved shoes wit reoord a deferred thx in the amount of

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