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The following information relates to Bonita Inc.: At July 1, 2019 At June 30, 2020 Temporary difference, giving rise to future taxable amounts $86,000

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The following information relates to Bonita Inc.: At July 1, 2019 At June 30, 2020 Temporary difference, giving rise to future taxable amounts $86,000 Temporary difference, giving rise to future deductible amounts 28,000 $162,000 89,000 Accounting income for the year ended June 30, 2020 was $126,000. No permanent differences existed during the fiscal year. The company was expected to operate profitably in the future. The tax rate was 15% for the current and future years. Bonita Inc. follows IFRS. Calculate the amount of taxable income for 2020. $ Taxable income, 2020 eTextbook and Media List of Accounts

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