Madeline Distributoea began operations in January 2021 and purchased a delivery truck for $48,000. Madeline plans to use staight-tine depreciation over a four-year expected useful life for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2021, 30% in 2022, and 20% in 2023.

Madeline also had product warranty costs of $80,000 expensed for financial reporting purposes in 2021. For tax purposes, only the $24,000 of waranty costs actualy paid in 2021 was deducted. The remaining $56,000 will be deducted for tax purposes when paid over the next three years as follows: 2022, $30,000; 2023, $20,000; 2024, S6,000.

Pretax accounting income for 2021 was $760,000, which includes interest revenue of $20,000 from municipal governmental bonds. The enacted tax rate is 25%

The amount of Madeline's 2021 taxable income would be:

752,000

824,000

784,000

772,000

Madeline Distributors began operations in January 2021 and purchased a delivery truck for S48,000 Madeline plans to use straight-line depreciation over a four year expected useful life for financial reporting Madeline also had product warranty costs of $80.000 expenied for financial teportint purposes in 2021 For tax purposes only the $24,000 of Warranty cosas actually paid in 2021 was deducted. The remaining $56.000 will be deducted for tax purposes he paid over the next three years as follows 2032. 530,000, 2023, 520,000, 2024. 56.000 Pretax account income for 2021 was $760,006, which includes interest revenue of $20,000 from munitipal povernmental bords The enacted tax rate 294 The amount of Madeline's 2021 taxable income would be $750.000 $$4,000 $ $4.000 $72.000 Mini Dwibutors began operations in Juus 2021 and purchand delivery truck for $48.000 Madeline planitowe straight lune depreciation or a four year expected and lite e financial reporting ups For purposes the detection 50% of contin 2021,30 in 2012, and 20% in 2023 Schiele bus tand peoda samanty Couts of S80.000 expenied for financial reporting poten in 2021. For the purposes coly the SM.000 of warranty cools actually paid 20 was deducted. The immune 356.300 will be for purposes when paid over the next three years follows 2022. 530,000, 2023, 520.000,2034 56.000 That come for 2031 576000, which includes they of 520,000 from micellule The acted to rate : 239 Thro M3021 taxable income would be 133.000