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In the current year, Sunflower Corporation had $38,000 of taxable income at a tax rate of 30%. During the year, Sunflower had warranty polieies and

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In the current year, Sunflower Corporation had $38,000 of taxable income at a tax rate of 30%. During the year, Sunflower had warranty polieies and liability of $7,000. Warranty expenses are not deductible until paid for income tax purposes. The amount of income tax expense is 3. 513,500 b. 518,400 . c $11,400. d. 59,300

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