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  3. sunland company reports pretax financial income of

Sunland Company reports pretax financial income of $72,600 for 2025. The following items cause taxable...

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Accounting

Sunland Company reports pretax financial income of $72,600 for 2025. The following items cause taxable income to be different than pretax financial income.
Depreciation on the tax return is greater than depreciation on the income statement by $17,200.
Renit collected on the tax return is greater than rent recognized on the income-statement by $20,300.
Fines for pollution appear as an expense of $9,900 on the income statement.
Sunland's tax rate is 30% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2025.
(a)
Your answer is incorrect.
Compute taxable income and incom taxes payable for 2025.
Taxable income
$
Income taxes payable $
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