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The following information is available for Splish Corporation for 2019 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $40,600. This

The following information is available for Splish Corporation for 2019 (its first year of operations).

1. Excess of tax depreciation over book depreciation, $40,600. This $40,600 difference will reverse equally over the years 20202023.
2. Deferral, for book purposes, of $21,200 of rent received in advance. The rent will be recognized in 2020.
3. Pretax financial income, $322,000.
4.

Tax rate for all years, 20%.

Compute taxable income for 2019.

Taxable income

$enter Taxable income in dollars

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