Life insurance expense on officers was $$9,500.$

Equipment was acquired in early January for $$307,000.$ Straight$-$line depreciation over a $5-$year life is used, with no salvage

value. For tax purposes, Skysong used a $30\%$ rate to calculate depreciation.

Interest revenue on State of New York bonds totaled $$3,700.$

Product warranties were estimated to be $$50,900$ in $2025.$ Actual repair and labor costs related to the warranties in $2025$

were $$11,000.$ The remainder is estimated to be paid evenly in $2026$ and $2027.$

Gross profit on an accrual basis was $$96,000.$ For tax purposes, $$80,600$ was recorded on the installment$-$sales method.

Fines incurred for pollution violations were $$4,100.$

Pretax financial income was $$739,300.$ The tax rate is $30\%.$

$($a$)$

Prepare a schedule starting with pretax financial income in $2025$ and ending with taxable income in $2025.$

Schedule of Pretax Financial Income

and Taxable Income for $2025$

Pretax financial income

$

Permanent differences

$

Temporary differences

$

Taxable income

$$