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Repeated from above Rowen, Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 40% in 2020, its first year of operations. During

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Repeated from above Rowen, Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 40% in 2020, its first year of operations. During 2020 the company had the following transactions: Received rent from Jane, Co. for 2021 $64,000 Municipal bond income $80,000 Depreciation for tax purposes in excess of book $40.000 depreciation Installment sales revenue to be collected in 2021 $108,000 The installment sales revenue to be collected in 2021 results in what deferred amount

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