the following information is available for remmers Corporation for 2014. 1. depreciation reported on the tax return exceeded depreciation reported on the income statement by $120,000. This difference will reverse an equal amounts of $30,000 over the years 2015 to 2018. 2. interest received on municipal bonds was $10,000. 3. rent collected in advance on January 1st, 2014, totaled $60,000 for a three-year period. Of this amount, $40,000 was reported as an earned at December 31st, 2014, for book purposes. 4. the tax rates are 40% for 2014 and 35% for 2015 and subsequent years. 5. income taxes of $320,000 are due for the tax return for 2014. 6. no deferred taxes existed at the beginning of 2014. (a) compute taxable income for 2014. .