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At the end of Year 6, South Co.'s tax department estimates that they will have future taxable income of $288,000 due to installment sales and $90,000 due to depreciation differences. They also estimates that they will have future deducations of $300,000 during to unearned rent. Assuming that its pre-tax accounting income for the year ended December 31, Year 6 is $345,000, compute Year 6 taxable income for South Co.
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