The accounting records of Bridgeport Inc. show the following data for 2017 (its first year of operations).

1.Life insurance expense on officers was $8,600.2.Equipment was acquired in early January for $304,000. Straight-line depreciation over a 5-year life is used, with no salvage value. For tax purposes, Bridgeport used a30% rate to calculate depreciation.3.Interest revenue on State of New York bonds totaled $3,800.4.Product warranties were estimated to be $49,900in 2017. Actual repair and labor costs related to the warranties in 2017 were $9,300. The remainder is estimated to be paid evenly in 2018 and 2019.5.Gross profit on an accrual basis was $108,000. For tax purposes, $75,900was recorded on the installment-sales method.6.Fines incurred for pollution violations were $4,000.7.Pretax financial income was $793,600. The tax rate is30%.

(a)

Prepare a schedule starting with pretax financial income in 2017 and ending with taxable income in 2017.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)