Service revenue Municipal bond interest income Interest income from savings accounts Non-business income Total Income e Salaries and wages expense Rent expense Depreciation expense 5 Supplies expense 5 Bad debt expense Meals expense Lobbying Expenditures Property insurance premiums O Interest expense Total Expenses Net Income before taxes Taxable Income before NOL 5 NOL deduction limitation 5 Actual NOL deduction 0 Taxable income Taxes payable Business interest deduction carryforward NOL carryforward Compute Tax Expense for Book Purposes Permanent Book Tax Differences 5 Net Income per Books 7 Tax Expense per Books 3 Book # Adjustment Tax # $ ssssssssss $ 36,600,000 $ 160,000 120,000 $ 55,000 $ 36,935,000 $ 20,222,000 $ 10,257,000 2,262,500 $ es es es es es es es eseses 21,000 320,000 $ 270,000 $ 166,500 $ 127,500 $ 973,750 $ 34,620,250 es $ 2,314,750 $ 2,314,750