Windsor Inc. has two temporary differences at the end of 2019. The first difference stems from installment sales, and the second one results from the accrual of a loss contingency. Windsors accounting department has developed a schedule of future taxable and deductible amounts related to these temporary differences as follows.

		2020		2021			2022			2023
Taxable amounts		$42,700		$45,900			$64,300			$81,400
Deductible amounts				(13,600	)		(18,900	)
		$42,700		$32,300			$45,400			$81,400

As of the beginning of 2019, the enacted tax rate is 34% for 2019 and 2020, and 20% for 20212024. At the beginning of 2019, the company had no deferred income taxes on its balance sheet. Taxable income for 2019 is $511,000. Taxable income is expected in all future years.