1. Fores Construction Company had the following operating results:

Year Income (loss) Tax rate Income tax

2016 60000 35% 21000 first year of operations

2017 85000 40% 34000

2018 (95000) 40% 0

What is the income tax refund receivable ( Fores elected to carry back its operating loss)

2. McGee Company deducts insurance expense of 114,000 for tax purpose in 2008, but the expense is not yet recognized for accounting purposes. In 2019, 2010, and 2011, no insurance expense will be deducted for tax purposes, but $38,000 of insurance expense will be reported for accounting purposes in each of these years. McGee Company has a tax rate of 30% and income taxes payable of $89,200 at the end of 2018. There were no deferred taxes at the beginning of 2008. Assuming that income tax payable for 2009 is $123,200, the income tax expense for 2009 would be what amount?