The accounting records of Vaughn Inc. show the following data for 2017 (its first year of operations). (1) Life insurance expense on officers was $8, 500. (2) Equipment was acquired in early January for $312,000. Straight-line depreciation over a 5-year life is used, with no salvage value. For tax purposes, Vaughn 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 $51, 800 in 2017. Actual repair and labor costs related to the warranties in 2017 were $9, 400. The remainder is estimated to be paid evenly in 2018 and 2019. (5) Gross profit on an accrual basis was $93,000. For tax purposes, $73, 400 was recorded on the installment- sales method, (6) Fines incurred for pollution violations were $4, 300. (6) Pretax financial income was $717, 700. The tax rate is 30%. 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).) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. The parts of this question must be completed in order. This part will be available when you complete the part above