become Mathis Co. at the end of 2020.ts first year of operations, prepared a recondition between pronari income and Prelax financial income $ 1.200.000 Estimated Igation expense 3,000,000 Installment sales 12.100.000 Taxable come $ 1.800.000 w year The estimated Migation expense of $3,000,000 will be deductible in 2002 when it is expected to be paid The gross profit from the mentales will be read the $1.200.000 n e The estimated laty for ligation is classified as noncurrent and the talent accounts receivable are sold as $1.200.000 current and 1.200.000 eurot. The income taxes on for alle The income tax expense is a $240,000 $1.200,000 $380.000 SO