The following facts relate to Kingbird Corporation. 1. Deferred tax liability, January 1,2020, $36,300. 2. Deferred tax asset, January 1,2020,$12,100. 3. Taxable income for 2020,$127,050. 4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $278,300. 5. Cumulative temporary difference at December 31,2020 , giving rise to future deductible amounts, $114,950. 6. Tax rate for all years, 20\%. No permanent differences exist. 7. The company is expected to operate profitably in the future. Compute the amount of pretax financial income for 2020. Pretax financial income Account Titles and Explanation Income Tax Expense. Debit 33880 Credit Deferred Tax Asset 10890 Income Tax Payable Deferred Tax Liability Kingbird Corporation Income Statement (Partial) For the Year Ended December 31, 2020 Income before Income Taxes Income Tax Expense Current Deferred