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The following information is available for Ayayai Corporation for 2020. 1. CCA that was reported on the 2020 tax return exceeded depreciation reported on the

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The following information is available for Ayayai Corporation for 2020. 1. CCA that was reported on the 2020 tax return exceeded depreciation reported on the income statement by $185,600. This difference is expected to reverse in equal amounts of $46,400 per year over the period 2021 to 2024. 2. Dividends received from taxable Canadian corporations were $26,680. 3. Rent collected in advance on January 1, 2020 totalled $104,400 for a three-year period. Of this amount, $69,600 was reported as unearned for book purposes at December 31, 2020. 4. The tax rates are 25% for 2020 and 30% for 2021 and subsequent years. 5. Income taxes payable are $232,000 for 2020. Calculate taxable income. Taxable income $ e Textbook and Media Calculate accounting income for 2020. Accounting income for 2020 $ e Textbook and Media

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