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Azure, a C corporation, reports the following: Pretax book income of $543,000. Depreciation on the tax return is $20,000 greater than depreciation on the financial statements. Rent income reportable on the tax return is $36,000 greater than rent income per the financial statements. Fines for pollution appear as a $10,000 expense in the financial statements. Interest earned on municipal bonds is $25,000. What is Azure's taxable income? A. $528,000 B. $543,000 C. $544,000 D. $559,000 |