The following information is available for Bonita Corporation for 2020.

1.		Depreciation reported on the tax return exceeded depreciation reported on the income statement by $116,000. This difference will reverse in equal amounts of $29,000 over the years 20212024.
2.		Interest received on municipal bonds was $10,200.
3.		Rent collected in advance on January 1, 2020, totaled $60,000 for a 3-year period. Of this amount, $40,000 was reported as unearned at December 31, 2020, for book purposes.
4.		The tax rates are 40% for 2020 and 35% for 2021 and subsequent years.
5.		Income taxes of $312,000 are due per the tax return for 2020.
6.		No deferred taxes existed at the beginning of 2020.

Compute taxable income for 2020.

Taxable income for 2020

$enter Taxable income for 2020 in dollars

Compute pretax financial income for 2020.

Pretax financial income for 2020

$enter Pretax financial income for 2020 in dollars