JP Corporation reports accounting income of $300,000 in each of the years 2023,2024 , and 2025 and has multiple differences between accounting income and taxable income. The company is subject to a 30% tax rate in each year and has the following differences between income reported on the financial statements and taxable income: 1. Royalty revenue of $19,800 earned in 2023 is recognized for financial reporting purposes in 2023 . The revenue is considered taxable when received-in equal monthly payments over 18 months beginning January 1, 2024. 2. A premium of $5,000 is paid in each of 2024 and 2025 for life insurance that the company carries on key officers. This is not deductible for tax purposes, but is expensed for accounting purposes. 3. A warranty with an estimated cost of $31,600 was provided on sales in 2023 . This amount was recognized as expense in the same year. It was expected that $20,700 of the warranty work would be performed in 2024 and $10,900 in 2025 , and this is what actually happened. For tax purposes, warranty expenses are not deductible until the expenditures are actually incurred. Provide a reconciliation of JP's accounting income to its taxable income for each of 2023, 2024, and 2025. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 
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