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3. Using the information below, create the journal entry for Francis Company's Income tan expense and income tax payable for 2019. Francis Company's partial income
3. Using the information below, create the journal entry for Francis Company's Income tan expense and income tax payable for 2019. Francis Company's partial income statement after its first year of operations in 2019 is as follows: Income before income taxes $5,000,000 Income tax expense Current $1,035,000 Deferred 90,000 1,125,000 Net income $3,875,000
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