The pretax financial income of Tamarisk Company differs from its taxable income throughout each of 4 years as follows. Year Pretax Financial Income Taxable Income Tax Rate 2020 $295,000 $180,000 35 %...

The pretax financial income of Tamarisk Company differs from its taxable income throughout each of 4 years as follows.

Pretax financial income for each year includes a nondeductible expense of $29,300 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2020.

Extracted text: Prepare the income statement for 2021, beginning with income before income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Tamarisk Company Income Statement (Partial) $ %24 %24 %24 > > > > > >