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Oriole Co. at the end of 2021, its first year of operations, prepared a reconciliation...

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Accounting

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Oriole Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable Income as follows: $ 690,000 1.140,000 Pretax financial income Estimated warranty expenses deductible for taxes when paid Extra depreciation Taxable income (1,632,000) 198,000 Estimated warranty expense of $830,000 will be deductible in 2022. $ 240,000 in 2023, and $ 70,000 in 2024. The use of the depreciable assets will result in taxable amounts of $ 544,000 in each of the next three years. Prepare a table of future taxable and deductible amounts. (Enter negative amounts using either a negative sign preceding the number e.3. 45 or parentheses es. (45)) 2022 2023 Future taxable (deductible) amounts 2024 Warranties $ Excess depreciation List of Accounts 2022 2023 2024 Total $ $

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