The following information is available for Wildhorse Corporation for 2019 (its first year of operations). 1. 2. Excess of tax depreciation over book depreciation, $42,400. This $42,400 difference will reverse equally over the years 2020-2023. Deferral, for book purposes, of $20,300 of rent received in advance. The rent will be recognized in 2020. Pretax financial income, $272,300. Tax rate for all years, 20%. 3. 4. (a) Compute taxable income for 2019. Taxable income $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit