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Assume the YR 0 1 tax return for Tesla Inc. correctly showed a Total Tax of $ 3 0 4 , Tax Credits applied of

Assume the YR01 tax return for Tesla Inc. correctly showed a Total Tax of $304, Tax Credits applied of $10,and Tax Penalties Assessed of $6. Also assume the correct general ledger balances were as follows:
Account Balance at January 1,YR01| Balance at December 31, YR01
Deferred Tax Asset 030 dr
Deferred Tax Liability 015 cr
Deferred Tax Credit 05 cr
Income Tax Payable 085 cr
Based solely on this information, the total income tax expense to be reported on the companys income statement for the year ended December 31, YR01 is:

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