Croa/AppData/local/temp/Microsoft Edge Downloads/1dba57ed-1224-4b2b-a733-10b93266 A Read aloud Draw Highlight Problem #2 (20 points) The following information pertains to Sheila Companies Income Statements: 2018 2019 2020 Revenue $200,000 $100,000 $150,000 Salary Expense 75,000 50,000 50,000 Depreciation Expense 10,000 10,000 10,000 Depreciation on Sheila's tax return is as follows: 2018 $15,000 2019 8,000 2020 7,000 Assume a tax rate of 30% in all years Calculate Sheila's Taxable income, Income Before Tax and prepare the year end income tax adjusting entry for 2018, 2019 and 2020. be here to search 8 2 3 % 5 6 7 8 9 Croa/AppData/local/temp/Microsoft Edge Downloads/1dba57ed-1224-4b2b-a733-10b93266 A Read aloud Draw Highlight Problem #2 (20 points) The following information pertains to Sheila Companies Income Statements: 2018 2019 2020 Revenue $200,000 $100,000 $150,000 Salary Expense 75,000 50,000 50,000 Depreciation Expense 10,000 10,000 10,000 Depreciation on Sheila's tax return is as follows: 2018 $15,000 2019 8,000 2020 7,000 Assume a tax rate of 30% in all years Calculate Sheila's Taxable income, Income Before Tax and prepare the year end income tax adjusting entry for 2018, 2019 and 2020. be here to search 8 2 3 % 5 6 7 8 9