What is the income tax expense for 2019 and 2020?

The following information is available for Swanson Corporation for 2019. a. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $100,000. This difference will reverse in equal amounts of $25,000 over the years 2020-2023. b. Interest received on municipal bonds were $10,000. c. Rent collected in advance on Jan. 1, 2019, totaled $60,000 for a 3-year period. Of this amount, $40,000 was reported as unearned at Dec. 31, for book purpose d. The tax rates are 40% for 2019 and 35% for 2020 and subsequent years e. Income taxes of $360,000 are due per the tax return for 2019 f. No deferred taxes existed at the beginning of 2019 g. Taxable income for year 2020 is $980,000