the accounting records of Shinault Inc. show the following data for 2014. 1. life insurance expense on officers was $9,000. 2. equipment was acquired in early January for $300,000Straight-line depreciation over a five-year life is used with no salvage value. For tax purposes, Shinault used a 30% rate to calculate depreciation. 3. interest revenue on state of New York bonds totaled $4,000. 4. product warranties were estimated to be $50,000 in 2014. Actual repair and labor costs related to the warranties in 2014 were $10,000. The remainder is estimated to be paid evenly in 2015 and 2016. 5. gross profit on the accrual basis was $100,000. For tax purposes, $75,000 was recorded on the installment sales method. 6. fines incurred for pollution violations were $4,200. 7. pre-tax Financial income was $750,000. The tax rate is 30%.

(a) prepare a schedule starting with pre-tax Financial income in 2014 and ending with taxable income in 2014.

pre-tax Financial income $__________ permanent differences ___________________. $___________ ___________________. $__________ ___________________. $ ___________ total. $_______<__<_ temporary differences. ____________________. $___________ ____________________. $___________ ____________________. $___________ total. $__________ Taxable Income. $__________