Rehobeth Company's taxable income and other financial data for 2020 are presented below: Taxable income Interest received on municipal bonds Estimated bad debt expense (not written off) Cash expenditures for product warranty expenses Product warranty expense for accounting purposes Gross profit on installment sales for 2020 Gross profit recognized in 2020 for tax purposes based on installment sales in 2020 Required: Calculate Rehobeth Company's 2020 pretax financial income. 21,000 $500,000 75,000 40,000 108,000 142,000 180,000 160,000