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%. Cash $ 364,340 Accounts Receivable 779,950 Interest Receivable 4,950 Prepaid Insurance 7,450 Prepaid Rent 12,500 Supplies 223,400 Equipment 685,500 Accumulated Depreciation 139,300 Accounts Payable 294,700 Deferred Revenue 90,100 Income Tax Payable 0 Salaries and Wages Payable 27,300 Notes Payable (long-term) 369,040 LongTerm Debt 242,600 Common Stock 396,200 Retained Earnings 217,800 Dividends 22,600 Service Revenue 943,000 Interest Revenue 127,100 Supplies Expense 349,200 Repairs and Maintenance Expense 258,300 Depreciation Expense 60,350 Rent Expense 31,800 Income Tax Expense Unknown Required: a. Calculate the income before income tax. b. Calculate the income tax expense. c. Calculate the net income. SHOW YOUR WORK

All of the accounts af 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%. Cash Accounts Receivable Interest Receivable $364.340 779.950 4.950 7,450 Prepaid Insurance Prepaid Rent 12,500 223,400 685.500 139.300 294.700 90,100 Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Income Tax Payable Salaries and Wages Payable Notes Payable (long-term Long-Term Debt Common Stock 0 27.300 369,040 242.600 395,200 217,800 Retained Earnings Dividends Service Revenue Interest Revenue Supplies Expense Beste Repairs and Maintenance Expense Depreciation Expense 22,500 943,000 127,100 349.200 250.300 63,350 31,800 Rent Expense Income Tax Expense Unknown Required: a. Calculate the income before Income tax, b. Calculate the income tax expense c. Calculate the net income