James Co reported $128,231 net income before the provision for income taxes on its income statement . To compute the taxable income, the following additional data was provided

Deferred Rent Revenue $27,608
Life insurance premiums paid on key executives $8,359
Actual warranty costs paid $20,704
Warranty expense  reported on the income statement $9,257

What is the taxable income, James will report on its tax return?

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