Mateo Distributors began operations in January 2021 and purchased a delivery truck for $60,000. Mateo plans to use straight-line depreciation over a four-year expected useful life for financial reporting propos For tax purposes, the deduction is 50% of cost in 2021, 30% in 2022, and 20% in 2023. Mateo also had product warranty costs of $40,000 expensed for financial reporting purposes in 2021. For tax purposes, only the $12,000 of warranty costs actually paid in 2021 was deducted. The resim $28,000 will be deducted for tax purposes when paid over the next three years as follows: 2022, S15,000: 2023, S12,000: 2024, $1.000, Pretax accounting income for 2021 was 5600,000, which includes interest revenue of $20,000 from municipal governmental bonds. The enacted tax rate is 25%. The amount of Mateo's 2021 taxable income would be: