The following information is available for Pharoah 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 2020-2023. 2. Deferral, for book purposes, of $19,800 pf ilent heceived in advance. The rent will be recognized in 2020. 3. Pretax financial income, $276,800. 4. Tax rate for all years, 20%