Calibri (Body) 11 A A BI U BOA fx Wrap Text Merge & Center Paste K6 x A B C DEF BE SURE TO ANSWER ALL REQUIRED QUESTIONS (a) and (b) AND SHOW ALL COMPUTATIONS AND WORK IN SUPPORT OF YOUR ANSWERSY NOTE EXTRA CREDIT OPPORTUNITY IN PARTIC) BELOW Provost Corp. has an estimated annual tax rate of 36 percent in the first quarter of 2019. Pretax income for the first quarter was $350,000. At the end of the second quarter of 2019, Provo expects the annual tax rate to be 32 percent because of anticipated tax credits. Pretax income for the second quarter was $400,000 How much income tax expense will Provost Corp recognize in the first quarter of 2019? Show all work in support of your answer! b. How much income tax expense does Provost Corp. recognize in the second quarter of 2019 and for the six months of the fiscal year? Show all work in support of your answer! EXTRA CREDIT OPPORTUNITY Problem Sc. is for extra credit. You do not have to do problem se. If you choose to do problem Scit will be graded as extra credit. If you do part Sc your result cannot hurt your grade in the test but it may help your grade in the test. If you choose not to do part scit will not affect your grade in the Assume Provost Corp.'s estimate for annual corporate income tax in now 35. Pre tax income for the third quarter was $450,000. Compute Provost Corp.'s income tax expense for the THIRD QUARTER