The following information is available for Indigo Corporation for 2016 (its first year of operations). 1.   Excess of tax depreciation over book depreciation, $40,800. This $40,800 difference will reverse equally over the years 2017–2020. 2.   Deferral, for book purposes, of $18,200 of rent received in advance. The rent will be recognized in 2017. 3.   Pretax financial income, $298,300. 4.   Tax rate for all years, 30%. What is the taxable income for 2016?

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