Exercise 19-10 (Part Level Submission) The following facts relate to Sarasota Corporation. 1. Deferred tax liability, January 1, 2017, $70,800. 2. Deferred tax asset, January 1, 2017, $23,600. 3. Taxable income for 2017, $123,900. 4. Cumulative temporary difference at December 31, 2017, giving rise to future taxable amounts, $271,400. 5. Cumulative temporary difference at December 31, 2017, giving rise to future deductible amounts, $112,100. 6. Tax rate for all years, 40%. No permanent differences exist. 7. The company is expected to operate profitably in the future. (a) Compute the amount of pretax financial income for 2017. Pretax financial income $ Click if you would like to Show Work for this question: Open Show Work (d) Compute the effective tax rate for 2017. (Round answer to 0 decimal places, e.g. 25%) The effective tax rate % Click if you would like to Show Work for this question: Open Show Work