Taxable income and pretax financial income would be identical for Jones Co. except for its treatments of gross profit on installment sales and estimated costs of warranties. The following income computations have been prepared.

	Taxable income	2010	2011	2012
	Excess of revenues over expenses
	(excluding two temporary differences)	$167,400		$228,700		$95,700
	Installment gross profit collected	8,200		8,200		8,200
	Expenditures for warranties	(5,400)		(5,400)		(5,400)
	Taxable income	$170,200		$231,500		$98,500
	Pretax financial income	2010	2011	2012
	Excess of revenues over expenses
	(excluding two temporary differences)	$167,400		$228,700		$95,700
	Installment gross profit earned	24,600