The following information is available for Flint Corporation for 2020.

1.		CCA that was reported on the 2020 tax return exceeded depreciation reported on the income statement by $137,600. This difference is expected to reverse in equal amounts of $34,400 per year over the period 2021 to 2024.
2.		Dividends received from taxable Canadian corporations were $19,780.
3.		Rent collected in advance on January 1, 2020 total $77,400 for a three-year period. Of this amount, $51,600 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 $172,000 for 2020.

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Taxable income

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Accounting income for 2020

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