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2 All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2018, with the exception of income taxes

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2 All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2018, with the exception of income taxes incurred but not yet recorded. Those account balances appear below. All have normal balances. The estimated income tax rate for the company is 30%. Skipped Cash Accounts Receivable Interest Receivable Prepaid Insurance Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Income Tax Payable Salaries and Wages Payable Notes Payable (long-term) Long-Term Debt Common Stock Retained Earnings Dividends Service Revenue Interest Revenue Supplies Expense Repairs and Maintenance Expense Depreciation Expense Rent Expense Income Tax Expense $362,340 775,950 4,850 7,350 12,300 222,400 683,500 137,700 292,700 89, 100 0 26,700 367,040 240,600 393,800 216, 200 22,200 937,000 125,100 347,200 256,700 59,950 31,600 Unknown Required: a. Calculate the income before income tax. b. Calculate the income tax expense. C. Calculate the net income. Income Before Income Tax Income Tax Expense Net Income

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