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Carla Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $54,720 25 % 2016 (79,800) 20
Carla Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $54,720 25 % 2016 (79,800) 20 % 2017 102,600 20 % 2018 34,200 20 % 2019 119,700 20 % 2020 (68,400 ) 25 % 2021 146,800 25 % Indicate what the income tax expense portion of the income statement for 2016 should look like. Assume all income (loss) relates to continuing operations. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Carla Corporation Income Statement (Partial) For the Year Ended December 31, 2016
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