#4. Carlace Corporation reported revenues of $200,000 and expenses of $80,000 in each of its first three years of operations for GAAP purposes. But, Conner reported taxable revenues of $160,000 in 2020, $200,000 in 2021, and $240,000 in 2022 for tax purposes to the IRS. For tax purposes, Conner reported the same expenses to the IRS in each of the years. Tax rate is 30% for all the three years. \ Instructions: \ (a)Show the computation of Income before and after Tax using GAAP