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Wise Company began operations at the beginning of 2015. The following information pertains to this company. Pretax financial income for 2015 is $108,700. The tax

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Wise Company began operations at the beginning of 2015. The following information pertains to this company. Pretax financial income for 2015 is $108,700. The tax rate enacted for 2015 and future years is 41%. Differences between the 2015 income statement and tax return are listed below: Warranty expense accrued for financial reporting purposes amounts to $8,600. Warranty deductions per the tax return amount to $3,100. Gross profit on construction contracts using the percentage-of-completion method per books amounts to $96,700. Gross profit on construction contracts for tax purposes amounts to $75,800. Depreciation of property, plant, and equipment for financial reporting purposes amounts to $62,600. Depreciation of these assets amounts to $87,700 for the tax return. A $5,200 fine paid for violation of pollution laws was deducted in computing pretax financial income. Interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,900. (Assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) Taxable income is expected for the next few years. Compute taxable income for 2015. Taxable income for 2015^LINK TO TEXT Compute the deferred taxes at December 31, 2015, that relate to the temporary differences described above. The deferred tax V $ The deferred tax $

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