Unicorn Development began operations in December $2024.$ When property is sold on an installment basis, Unicorn recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, installment income is reported by the installment method. $2024$ installment income was $$150,000$ and will be collected over the next three years: $2025,$$$70,000$;$2026,$$$50,000$;$2027,$$$30,000.$

Unicorn also had product warranty costs of $$35,000$ expensed for financial reporting purposes in $2024.$ For tax purposes, only the $$5,000$ of warranty costs actually paid in $2024$ was deducted. The remaining $$30,000$ will be deducted for tax purposes when paid over the next three years as follows: $2025,$$$18,000$;$2026,$$$8,000$;$2027,$$$4,000.$

Pretax accounting income for $2024$ was $$840,000,$ which includes interest revenue of $$20,000$ from municipal governmental bonds. The enacted tax rate is $20\%$ for year $2024$ and $25\%$ for years $2025-2027.$

The amount of Unicorn's $2024$ net income would be:

$$615,000$

$$656,000$

$$672,000$

$$670,000$