The following information is available for Novak Corporation for 2020, 1 2 3. CCA that was reported on the 2020 tax return exceeded depreciation reported on the income statement by $156,800. This difference is expected to reverse in equal amounts of $39.200 per year over the period 2021 to 2024. Dividends received from taxable Canadian corporations were $22,540 Rent collected in advance on January 1, 2020 totalled $88.200 for a three-year period. Of this amount, $58,800 was reported as unearned for book purposes at December 31, 2020 The tax rates are 25% for 2020 and 30% for 2021 and subsequent years. Income taxes payable are $196,000 for 2020. 4. 5. Calculate taxable income. Taxable income $ e Textbook and Media Calculate accounting income for 2020. Accounting income for 2020 $