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The following facts relate to Tamarisk Corporation. 1. Deferred tax liability, January 1, 2020, $34,800. Deferred tax asset, January 1, 2020, $11,600. 2 . 3

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The following facts relate to Tamarisk Corporation. 1. Deferred tax liability, January 1, 2020, $34,800. Deferred tax asset, January 1, 2020, $11,600. 2 . 3 4 Taxable income for 2020, $121,800. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $266,800. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $110,200. 5. 6. Tax rate for all years, 20%. No permanent differences exist. 7. The company is expected to operate profitably in the future. (a) Compute the amount of pretax financial income for 2020. Pretax financial income $

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