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The following information is available for Sunland Corporation for 2 0 2 5 . Depreciation reported on the tax retum exceeded depreciation reported on the

The following information is available for Sunland Corporation for 2025.
Depreciation reported on the tax retum exceeded depreciation reported on the income statement by $124,000. This
difference will reverse in equal amounts of $31,000 over the years 2026-2029.
Interest received on municipal bonds was $10,100.
Rent collected in advance on January 1,2025, totaled $56,700 for a 3-year period. Of this amount, $37,800 was reported as
unearned at December 31,2025, for book purposes.
The tax rates are 20% for 2025 and 17% for 2026 and subsequent years.
Income taxes of $154,000 are due per the tax return for 2025.
No deferred taxes existed at the beginning of 2025.
Compute taxable income for 2025.
Taxable income for 2025$
eTextbook and Media
List of Accounts
Compute pretax financial income for 2025.
Pretax financial income for 2025$$
eTextbook and Media
List of Accounts
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