Zurich Company reports pretax financial income of $70,000 for 2020 . The following items cause taxable income to be different than pretax financial income. 1. Depreciation on the tax return is greater than depreciation on the income statement by $16,000. 2. Rent collected on the tax return is ereater than rent recognized on the income statement by $22,000. 3. Fines for pollution appear as an expense of $11,000 on the incomestatement. Zurich's tax rate is 30% for all years, and the company expects to report taxable income in all future vears. There are no deferred taxes at the beginning of 2020 . Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes." (Enter negotive amounts using either a negative sign preceding the number eg, -45 or parentheses e g (45))