The following information is available for Ivanhoe Corporation for 2024 (its first year of operations).

1. Excess of tax depreciation over book depreciation, $40,800. This $40,800 difference will reverse equally over the years 2025-2028.
2. Deferral, for book purposes, of $18,200 of rent received in advance. The rent will be recognized in 2025.
3. Pretax financial income, $298,300.
4. The tax rate for all years, 30%.