Bakersfield Corp. pays income tax at an average rate of 35 percent. This year its revenue is $114,000 and its expenses are $77,000. The adjusting entry to record the income tax expense will: Multiple Choice 0 decrease liabilities by $12,950. 0 decrease net income by $37,000. 0 increase stockholders' equity by $12,950. 0 decrease stockholders' equity by $12,950