You have been assigned to compute the income tax provision for Tulip City Flowers Incorporated (TCF) as of December 31, 2022. The company's income statement for 2022 is provided below: Note: Leave no answer blank. Enter zero if applicable. Net sales Cost of sales Gross profit Compensation Tulip City Flowers Incorporated Selling expenses Statement of Operations at December 31, 2022 Depreciation and amortization Other expenses Total operating expenses. Income from operations Interest and other income. Income before income taxes: You identified the following permanent differences: Interest income from municipal bonds Nondeductible stock compensation Nondeductible fines $ 20,000,000 12,000,000 $ 8,000,000 $ 500,000 750,000 1,250,000 1,000,000 $3,500,000 $ 4,500,000 25,000 $ 4,525,000 $ 10,000 5,000 1,000 TCF prepared the following schedule of temporary differences from the beginning of the year to the end of the year Taxable Temporary Differences. Accumulated depreciation Tulip City Flowers Incorporated Tenporary Differences Scheduling Template. Deferred Taxes Current Year Change Deferred Cumulative T/D Taxes $ (5,500,000) $ (1,155,000) Deductible $ (1,050,000) $ (500,000) Tulip City Flowers Incorporated Temporary Differences Scheduling Template Current Year BOY Deferred Cumulative EOY Deferred Prev 1 of 11 Next >