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Current Attempt in Progress Crane Inc. had pre-tax accounting income of $1825000 and a tax rate of 35% in 2021, its first year of operations.
Current Attempt in Progress Crane Inc. had pre-tax accounting income of $1825000 and a tax rate of 35% in 2021, its first year of operations. During 2021 the company had the following transactions: Received rent from Barrett Co. for 2022 Municipal bond income Depreciation for tax purposes in excess of book depreciation Installment sales revenue to be collected in 2022 $66100 $633220 $615930 O $576800 O $662200 $80600 $40500 $122000 For 2021, what is the amount of income taxes payable for Crane Inc.?
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