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How do I calculate deferred income tax? Total liabilities? Preferred shares? Common shares? begin{tabular}{|c|c|c|} hline Total assets & $ & 679,774 hline multicolumn{3}{|l|}{ Liabilities
How do I calculate deferred income tax?
Total liabilities?
Preferred shares?
Common shares?
\begin{tabular}{|c|c|c|} \hline Total assets & $ & 679,774 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Shareholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & $ & 89,076 \\ \hline Notes payable & & 6,519 \\ \hline Income taxes payable & & 7,321 \\ \hline Current portion of long-term debt & & 5,793 \\ \hline Accrued expenses & & 7,454 \\ \hline Total current liabilities & & 116,163 \\ \hline Long-term debt & & 125,604 \\ \hline Deferred income taxes & & 75,546 \\ \hline Total liabilities & & 323,106 \\ \hline \multicolumn{3}{|l|}{ Shareholders' equity } \\ \hline Preferredshares,noparvalue(authorized11,800shares,issued3,300sharesfor$17,881) & & 5,001 \\ \hline Commonshares,noparvalue(authorized418,000shares,issued29,000shares) & & 43,935 \\ \hline Total contributed capital & & 132,197 \\ \hline Retained earnings & & 224,471 \\ \hline Total Mutron Lock Inc. shareholders' equity & & 356,668 \\ \hline Non-controlling interest in subsidiaries & & 38,736 \\ \hline Consolidated shareholders' equity & & 400,804 \\ \hline Total liabilities and shareholders' equity & $ & 679,774 \\ \hline \end{tabular}Step by Step Solution
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