The following information is available for Angelica Corporation for $2023$:

$1.$ Depreciation reported on the tax return exceeded depreciation reported on the income statement by $$207,000.$ The differences will reverse as follows:

$2024138,000$

$202534,500$

$202634,500$

$2.$ Annual interest received on municipal bonds was $$18,000$ in $2023$ and $$20,000$ in $2024.$

$3.$ Rent collected in advance on November $1,2023,$ totaled $$117,000$ for a $3-$year period. Rent was recognized monthly, starting on November $1,2023$ for book purposes.

$4.$ During $2023$ and $2024,$ Angelica paid $$25,000($each year$)$ for a life insurance policy on its executives, with Angelica as the beneficiary. In $2024,$ Angelica received $$280,000$ due to the untimely passing of its CFO.

$5.$ The tax rates are $20\%$ for $2023$ and $2024,$ and $30\%$ for $2025$ and beyond.

$6.$ A contingent loss due to litigation was accrued in $2023$ for $$295,000.$ The company expects to pay the loss in $2025.$

$7.$ Pretax financial income for the year ended December $31,2023$ was $$6,125,000,$ and $$6,595,000$ for the year ended December $31,2024.$

$8.$ The company has a $$5,800$ credit balance in the Valuation Allowance and a beginning balance of $$17,000$ in the DTA account due to a temporary difference of $$85,000$ caused by a deferred revenues for GAAP purposes. The difference was realized for tax purposes in $2023.$

$9.$ Of the ending balance of the DTA account, the company believes that it is "more likely than not" that $9\%$ will not be realized.

Fill out the page providedPROBLEM #$1.$