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Problem 19-1 (Part Level Submission) The following information is available for Whispering Corporation for 2017 1. Depreciation reported on the tax return exceeded depreciation reported

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Problem 19-1 (Part Level Submission) The following information is available for Whispering Corporation for 2017 1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $124,000. This difference will reverse in equal amounts of $31,000 over the years 2018-2021. 2. Interest received on municipal bonds was 59,900 3. Rent collected in advance on January 1, 2017, totaled $55,500 for a 3-year period of this amount, $37,000 was reported as unearned at December 31, 2017, for book purposes 4. The tax rates are 40% for 2017 and 35% for 2018 and subsequent years. 5. Income taxes of $298.000 are due per the tax return for 2017 6. No deferred taxes existed at the beginning of 2017. (a) Compute table income for 2017 Taxable income for 2017 Click if you would like to Show Work for this questioni on Show Work

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