Hopkins Co. at the end of 2020, its first year of operations, provided the following details about its pretax financial income and taxable income: Pretax financial income: $3,000,000 Estimated litigation expense: $4,000,000 Extra depreciation expense for taxes: $6,000,000 Taxable income: $1,000,000 The estimated litigation expense of $4,000,000 will be tax-deductible in 2021 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $2,000,000 in each of the next three years. The income tax rate is 20% for all years. asm. Income taxes payable for 2020 is Select one: O A. $600,000. am 8.23.part ALL O B. $200,000 c. $0. D. $900,000. Flag question Poodle Corporation was organized on January 3, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2021, Poodle had the following transactions relating to shareholders' equity: Issued 30,000 shares of common stock at $8 per share. Issued 20,000 shares of common stock at $7 per share. Reported net income of $100,000. Paid dividends of $50,000. What is total paid-in capital at the end of 2021? Select one: O A. $370,000. OB. $470,000. ALL O C. $420,000 D. $380,000 Eints out of 1.00 Flag question When multiple performance obligations exist in a contract, they should be accounted for as a single performance obligation when Select one: O A. a determination cannot be made. O B. both performance obligations are distinct. O C. the product is distinct within the contract. O D. each service within the contract is interdependent and interrelated. Next page Previous page As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable $ 20,000 (600,000) Treasury stock Common stock and other paid-in capital accounts 4,000,000 Retained earnings 3,000,000 What was shareholders' equity as of December 31, 2021? Select one: O A. $6,400,000 OB. $6,420,000. LL O c. $7,020,000 D. $6,440,000