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Instructions During the year ended December 31, 20-2, Tatu Company completed the following selected transactions: Transactions: , 15 Estimated that its 20-2 income tax will
Instructions During the year ended December 31, 20-2, Tatu Company completed the following selected transactions: Transactions: , 15 Estimated that its 20-2 income tax will be $160,000. Based on this estimate, it will make four quarterly payments of $40,000 each on April 15, June 15, September 15, and December 15. Made the first payment 25 Declared a semiannual dividend of $0.50 per share on common stock to shareholders of record on May 10 payable May 20. Currently, 90,000 shares of $1 par common stock are outstanding
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