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Exercise 16.34 (Algo) Intraperiod tax allocation; financial statement effects [LO16-10] The following income statement does not reflect intraperiod tax allocation. The company's tax rate is

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Exercise 16.34 (Algo) Intraperiod tax allocation; financial statement effects [LO16-10] The following income statement does not reflect intraperiod tax allocation. The company's tax rate is 25% Required: Recast the income statement to reflect intraperiod tax allocation. Note: Amounts to be deducted should be indicated with a minus sign.Enter your answers in millions (i.e,, 5,000,000 should be entered as 5)

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