Exercise 19-22 (Part Level Submission) Pearl Corporation has pretax financial income (or loss) equal to taxable income (or loss) from 2009 through 2017 as follows: Income (Loss) 2009 2010 2011 2012 2013 2014 2015 2016 2017 $29,580 40,800 17,340 48,960 (153,000 ) 91,800 30,600 107,100 61,200) Tax Rate 30 % 30 % 35 % 50 % 40 % 40 % 40 % 40 % 45 % Pretax financial income (loss) and taxable income (loss) were the same for all years since Pearl has been in business. Assume the carryback provision is employed for net operating losses. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized Indicate what the income tax expense portion of the income statement for 2013 should look like. Assume all income (loss) relates to continuing operations. (Enter loss using eithera negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Pearl Corporation Income Statement (Partial) SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 0 of 3 used