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Flounder Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $57,000 in 2021.561,000 in 2022, and
Flounder Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $57,000 in 2021.561,000 in 2022, and 367.300 in 2023. Flounder's pretax financial income for 2020 is 3286,000, and the tax rate is 90% for all years. There are no deferred taxes at the beginning of 2020. Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes Enter negative amounts using either a negative sin preceding the number eg 45 or parentheses eg. (45)) Flounder Corporation Income Statement (Partial)
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