Current Attempt in Progress

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

Excess of tax depreciation over bookdepreciation, $$40,000.$ This $$40,000$ difference will reverse equally over the years $20252028.$

Deferral, for book purposes, of $$21,500$ of rent received in advance. The rent will be recognized in $2025.$

Pretax financial income, $$315,900.$

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

$($a$)$

Compute taxable income for $2024$

Taxableincome $

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Attempts: $0$ of $1$ used

$($b$)$

The parts of this question must be completed in order. This part will be avail able when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.