The accounting records of Tamarisk Inc. show the following data for 2025 (its first year of operations). 1. Life insurance expense on officers was $8,800. 2. Equipment was acquired in early fanuary for $323,000. Straight-line depreciation over a 5-year life is used, with no salvage value. For tax purposes, Tamarisk used a 30% rate to calculate depreciation. 3. Interest revenue on State of New York bonds totaled $3,700. 4. Product warranties were estimated to be $48,400 in 2025 . Actual repair and labor costs related to the warranties in 2025 were $9,000. The remainder is estimated to be paid evenly in 2026 and 2027. 5. Gross profit on an accrual basis was $104,000. For tax purposes, $78,500 was recorded on the installment-sales method. 6. Fines incurred for pollution violations were $4,100. 7. Pretax financial income was $785,300. The tax rate is 30%. Pranara a crhadila ctartinasith nratav finanrial inrama in 3025 and ending with taxable income