Whispering Winds Inc. reports the following pre-tax incomes (losses) for both financial reporting purposes and tax purposes: Accounting Income Year (Loss) Tax Rate 2018 $122,000 25 % 2019 96,000 25 % 2020 (292,000) 30 % 2021 224,000 30% The tax rates listed were all enacted by the beginning of 2018. Whispering Winds reports under the ASPE future/deferred income taxes method.