Question: The following information relates to Nash Corp.: Temporary difference, giving rise to future taxable amounts Temporary difference, giving rise to future deductible amounts At July

The following information relates to Nash Corp.:
Temporary difference, giving rise to future taxable amounts
Temporary difference, giving rise to future deductible amounts
At July 1,2022 At June 30,2023
$29,300
$76,600
21,700
54,400
Accounting income for the year ended June 30,2023 was $73,800. No permanent differences existed during the fiscal year. The company was expected to operate profitably in the future. The tax rate was 20% for the current and future years. Nash Corp. follows ASPE.
(a)
Calculate the amount of taxable income for 2023.
Taxable Income for 2023

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