The following information was disclosed during the audit of Cullumber Inc.

1.		Year		Amount Due per Tax Return
		2020		$134,300
		2021		101,500

2.		On January 1, 2020, equipment costing $599,900 is purchased. For financial reporting purposes, the company uses straight-line depreciation over a 5-year life. For tax purposes, the company uses the elective straight-line method over a 5-year life. (Hint: For tax purposes, the half-year convention as discussed in Appendix 11A must be used.)
3.		In January 2021, $231,300 is collected in advance rental of a building for a 3-year period. The entire $231,300 is reported as taxable income in 2021, but $154,200 of the $231,300 is reported as unearned revenue in 2021 for financial reporting purposes. The remaining amount of unearned revenue is to be recognized equally in 2022 and 2023.
4.		The tax rate is 20% in 2020 and all subsequent periods. (Hint: To find taxable income in 2020 and 2021, the related income taxes payable amounts will have to be grossed up.)
5.		No temporary differences existed at the end of 2019. Cullumber expects to report taxable income in each of the next 5 years.

Draft the income tax section of the income statement for 2021, beginning with Income before income taxes.