Exercise 19-16 (Part Level Submission) During 2017, Culver Co.'s first year of operations, the company reports pretax financial income at $226,100. Culver's enacted tax rate is 45% for 2017 and 4096 for all later years. Culver expects to have taxable income in each of the next 5 years. The effects on future tax returns of temporary differences existing at December 31, 2017, ae summarized as follows Future Years 20182019 2020 2021 2022_Total Future taxable (deductible) amounts: Installment sales Depreciation Unearned rent 30,100 $30,100 $30,100 90,300 5,500 5,500 5,500 $5,500 $5,500 27,500 (51,800) (51,800) (103,600) Complete the schedule below to compute deferred taxes at December 31, 2017 Deferred Tax Future Taxable Temporary Difference (Deductible) Amounts Tax Rate (Asset) Liability Installment sales $90,300 40 36120 Depreciation 27,500 40 11000 (103,600)T Unearned rent 41440 0 Totals 14200 41440 47120 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT Attempts: 2 of 5 used Compute taxable income for 2017 Taxable income for 2017