The following information relates to Metlock Inc.:

		At July 1, 2019			At June 30, 2020
Temporary difference, giving rise to future taxable amounts		$90,000			$157,000
Temporary difference, giving rise to future deductible amounts		29,000			88,000

Accounting income for the year ended June 30, 2020 was $133,000. No permanent differences existed during the fiscal year. The company was expected to operate profitably in the future. The tax rate was 20% for the current and future years. Metlock Inc. follows IFRS.

(a)

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Calculate the amount of taxable income for 2020.

Taxable income, 2020

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