The following information is available for Sunland Corporation for
Depreciation reported on the tax retum exceeded depreciation reported on the income statement by $ This
difference will reverse in equal amounts of $ over the years
Interest received on municipal bonds was $
Rent collected in advance on January totaled $ for a year period. Of this amount, $ was reported as
unearned at December for book purposes.
The tax rates are for and for and subsequent years.
Income taxes of $ are due per the tax return for
No deferred taxes existed at the beginning of
Compute taxable income for
Taxable income for $
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List of Accounts
Compute pretax financial income for
Pretax financial income for $$
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List of Accounts
