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The following differences apply to the reconciliation of accounting income and taxable income of Swifty...

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Accounting

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The following differences apply to the reconciliation of accounting income and taxable income of Swifty Inc. for calendar 2023 , its first year of operations. The enacted income tax rate is 30% for all years. 1. Excess CCA will reverse equally over a four-year period, 2024-2027. 2. It is estimated that the lawsuit accrual will be paid in 2027 . 3. Unearned rent revenue will be recognized as earned equally over a four-year period, 2024-2027. Prepare a schedule of future taxable and deductible amounts. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) Prepare a schedule of future taxable and deductible amounts. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)

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