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 2021 to 2024.

2. interest received on municipal bonds was $10,000.

3. rent collected in advance on January 1st, 2020, totaled $60,000 for a three year period. of this amount, $40,000 was reported as an unearned at December 31st, 2014, for book purposes.

4. the tax rates are 20% for 2020 and 17% for 2021and

subsequent years.

5. income taxes of $160,000 are due per the tax return for 2020.

6. no deferred taxes existed at the beginning of 2020.