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16) Mattel Inc.'s 2019 financial statements show operating profit before tax of $1,168,103 thousand, net income of $903,944 thousand, provision for income taxes of $195,184

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16) Mattel Inc.'s 2019 financial statements show operating profit before tax of $1,168,103 thousand, net income of $903,944 thousand, provision for income taxes of $195,184 thousand and net nonoperating expense before tax of $68,975 thousand. Assume Mattel's statutory tax rate for 2019 is 37%. Mattel's 2019 tax shield is: $264,159 thousand $25,521 thousand $238,638 thousand $43,454 thousand None of the above

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