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The following information is avallable for Indiso Corporation for 2020 1. Depreclation reported on the tax return exceeded depreclation reperted on the lincome statement by

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The following information is avallable for Indiso Corporation for 2020 1. Depreclation reported on the tax return exceeded depreclation reperted on the lincome statement by $128.000. This difference will reverse in equal amounts of $32,000 over the years 20212024. 2. Interest recelved on municipal bonds was $10,600 3. Rent collected in advance on January 1,202.0, totaled $62.400 for a 3-year perlod. Of this amcuint, $41,600 was reported an unearned at December 31,2020 , for book burposes. 4. The tax rates are 4015 for 2020 and 35% for 2021 and subtequent years. 5. Income taxes of $342,000 are due per the tax return for 2020 6. No deferred takes existed at the beginning of 2020 (a) Compute taxable lncome for 2020 Tarable income for 2020

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