Current Attempt in Progress

The following information is available for Pharoah Corporation for $2024($its first year of operations$).$

Excess of tax depreciation over book depreciation, $$36,800.$ This $$36,800$ difference will reverse equally over the years $2025-2028.$

Deferral, for book purposes, of $$20,300$ of rent received in advance. The rent will be recognized in $2025.$

Pretax financial income, $$322,400.$

Tax rate for all years, $20\%.$

$($a$)$

Compute taxable income for $2024.$

Taxable income

eTextbook and Media

List of Accoun