Information from the Income Statement columns of Lincoln Corporations worksheet on December 31, 2019, is shown below.

1. What is the amount of net income before income tax?

2. What is the amount of income tax on the net income? Use the tax rates given above.

3. What adjustment is recorded for Income Tax Expense? The corporation paid $22,000 through quarterly deposits.

4. What is the amount of net income after income tax?

Required 1 Required 2 Required 3 Required 4 What is the amount of net income after income tax? Net income after income tax