Junior Apparel Incorporated reported pre-tax book income of $830,000 for the current year. The change in the difference in the basis of plant assets is $205,000; the book basis is higher than the tax basis. Wolcott invested in tax-free bonds and earned $84,000 in nontaxable interest income (included in the pre-tax income of $830,000). Its income tax rate is 35%. Prepare the footnote to reconcile the federal tax rate to the firm's effective income tax rate. Present the reconciliation in both dollars and percentage