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O words Question 2 5 pts The records of Pine Co. show the following data for 2018: -Gross profit on installment sales reported for financial
O words Question 2 5 pts The records of Pine Co. show the following data for 2018: -Gross profit on installment sales reported for financial statement purposes exceeded the amount reported for tax purposes by $18,000. -Nondeductible life insurance premiums on corporate officers was $3,800. -Depreciation reported for tax purposes was $6,400 greater than that reported on the income statement. -Tax exempt interest revenue amounted to $9.000. - Estimated warranty expenses for 2018 exceeded actual repair expenditures by $4,500. -Pretax financial income is $150,000. The tax rate is 30%. REQUIRED: Prepare a schedule starting with pretax financial income and compute 2018 taxable income. B I A- A - I ETIXX RV* IT TT 12pt Paragraph
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