Assume that credit sales "to be received in 90 days" are received in exactly 90 days and that EFT wage payments are made in exactly 7 days. What would be the income tax? And its journal entries CR and DR

01-January-2016	Open business bank account with transfer of personal funds	$210,000
02-January-2016	EFT for rental of office space. Immediate occupancy. 60 months at $3500 per month.	$210,000
11-January-2016	Office equipment purchased for cash to get discount from the retail price of $56,000.	$50,000
11-January-2016	The office equipment will be replaced in 5 years at an expected cost of $67,000.	$67,000
13-January-2016	Bank loan approved and credited to account. Payable in 2021	$310,000
28-June-2016	Credit sales. EFT payment to be received in 90 days.	$65,500
04-July-2016	Employee timesheets submitted for work performed. Payment (EFT) to be made in 7 days.	$5,200
29-July-2016	Cash sales.	$33,500
12-December-2016	Credit sales. EFT payment to be received in 90 days.	$42,500
28-December-2016	Employee timesheets submitted for work performed. Payment (EFT) to be made in 7 days.	$5,720