The following information is available for Wildhorse Corporation for 2017.

1.

Depreciation reported on the tax return exceeded depreciation reported on the income statement by $124,000. This difference will reverse in equal amounts of $31,000 over the years 20182021.

2.

Interest received on municipal bonds was $9,900.

3.

Rent collected in advance on January 1, 2017, totaled $55,500 for a 3-year period. Of this amount, $37,000 was reported as unearned at December 31, 2017, for book purposes.

4.

The tax rates are 40% for 2017 and 35% for 2018 and subsequent years.

5.

Income taxes of $298,000 are due per the tax return for 2017.

6.

No deferred taxes existed at the beginning of 2017. Taxable income 2017: 745000 Compute pretax financial income for 2017.

Pretax financial income for 2017

$