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The following information is avallable for Marigold Corporation for 2019 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $40,800. This

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The following information is avallable for Marigold Corporation for 2019 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $40,800. This $40,800 difference will reverse equally over the years 20202023 2. Deferral, for book purposes, of $21,400 of rent received in advance. The rent will be recognized in 2020. 3. Pretax financial income, $319,400 4. Tax rate for all years, 20%

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