The following information is available for Remmers Corporation for 2010. 1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by" $120,000 This difference will reverse in equal amounts of $30,000 over the years 2011-2014 2. Interest received on municipal bonds was $10,000 3. Rent collected in advance on January 1, 2010, totaled $60,000 for a 3-year period. Of this amount, $40,000 was reported as unearned at December 31, for book purposes. 4. The tax rates are 40% for 2010 and 35% for 2011 and subsequent years. 5. Income taxes of $320,000 are due per the tax return for 2010. 6. No deferred taxes existed at the beginning of 2010. (a) Compute taxable income for 2010