In 2019, Pinky reported $100,000 income before taxes. The tax rate is 24%. Pinky invests $50,000 in tax-free municipal bonds. She earned $2,000 interest in 2019. Pinky estimates that costs for 2-year warranty is $40,000. In 2019, Pinky pays $10,000 of it this year. Pinky gets $60,000 from rent revenue. Using the accelerated depreciation method, Pinky reports $15,000 more depreciation expense, which will be reversed in 2025.

What is Pinkys taxable income and record 2019s journal entries.