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Use the following information: (a) Tax depreciation in excess of book depreciation, $150,000 (b) Excess of income on installment sales over income reportable for tax

Use the following information: (a) Tax depreciation in excess of book depreciation, $150,000 (b) Excess of income on installment sales over income reportable for tax purposes, $130,000 (c) Premium payment for life insurance policy on president, $95,000 (d) Rent collected in advance of period earned, $75,000 (e) Warranty provision accrued in advance of period paid, $40,000 (f) Interest revenue received on municipal bonds, $30,000 Assuming pretax financial income of $3,100,000, calculate taxable i

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