The following information is available for Martinez Corporation for 2019 (its first year of operations).

1.		Excess of tax depreciation over book depreciation, $ 38,000. This $ 38,000 difference will reverse equally over the years 20202023.
2.		Deferral, for book purposes, of $ 19,800 of rent received in advance. The rent will be recognized in 2020.
3.		Pretax financial income, $ 276,800.
4.		Tax rate for all years, 20%.

(a)

Compute taxable income for 2019.

Taxable income

$ enter Taxable income in dollars