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Question 2.2. [TCD I3) At the beginning of 2012, Annie, Inc. has a deferred tax asset of $2,500 and deferred tax liabilit}.t of $10,500. In

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Question 2.2. [TCD I3) At the beginning of 2012, Annie, Inc. has a deferred tax asset of $2,500 and deferred tax liabilit}.t of $10,500. In 2012, pretax financial income was $020,000 and the tax rate was 35%. Pretax income included: Interest income from municipal bonds $15,000 Accrued warranty costs, estimated to be used in 2013 $24,000 Prepaid rent expense, will be used in 2013 $31,000 Installment sales revenue, to be collected in 2013 $50,000 Operating loss catryforward $21,000 What is taxable income for 2012? (Points : 5] $222,000 $020,000 $015,000 $1,073,000

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