E13.6 (LO 3) AP Shrunk Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fical year end, July 31,2024 . The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $817,500. Shrunk has a 20% income tax rate. Instructions Prepare a multiple-step income statement and the required journal entry to adjust income tax expense