how do you calculate Income Tax Expense, i need help finding the answer to No. 5

3. Prepare the adjusting journal entries that are required at December 31, 2018. (If no entry is required for a transaction/event, s "No Journal Entry Required" In the first account fleld.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a 3.800 Supplies Expense Supplies 3.800 2. b 10.000 Rent Expense Prepaid Rent 10.000 3 11.200 Utilities Expense Accounts Payable 11.200 d 28.100 Salaries and Wages Expense Salaries and Wages Payable 28.100 5 Income Tax Expense Income Tax Payable 3,000 Required Information [The following information applies to the questions displayed below] Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Account Names Debit Credit Further Information Cash $ 2,800 As reported on December 31 bank statement. Supplies 3,300 Based on count, only $800 of supplies still exist. Prepaid Rent This amount was paid November 1 for rent through the end of January Accounts Payable $1,000 This represents the total amount of bills received for supplies and utilities through December 15. Val estimates that the company has received $350 of utility services through December 31 for which it has not yet been billed. Salaries and Wages Stylists have not yet been paid $100 for their work on December Payable 31 Income Tax Payable The company has paid last year's income taxes but not this year's taxes. Common Stock 1.800 This amount was contributed for common stock in prior years. Retained Earnings 700 This is the balance reported at the end of last year. Service Revenue 59,500 Customers pay cash when they receive services Salaries and Wages 28,100 Expense This is the cost of stylist wages through December 30. Utilities Expense 11,200 This is the cost of utilities through December 15 Rent Expense 10,000 This year's rent was $1,000 per month Supplies Expense 3,800 This is the cost of supplies used through November 30. Income Tax Expense The company has an average tax rate of 30% Totals 562,200 562,200 16:2, 200 3. Prepare the adjusting journal entries that are required at December 31, 2018. (If no entry is required for a transaction/event, select