EDNA Co. is charged a corporate income tax rate of 35% on its earnings during the year 1997. This tax will not be paid until March 15, 1998. Cash - 35,000 Income Tax Expense +35,000 None of the choices Acc. Taxes Payable +40,000 Income Tax Expense +40,000 O Accounts Payable +40,000 Income Tax Expense +40,000 O Cash -50,000 Income Tax Expense +50,000