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Kingbird Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 3 1 , 2 0 2

Kingbird Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31,2024. The following information has been taken from the adjusted trial balance:Accounts payable$32,130Interest expense$6,300Cash dividends-common75,600Common shares252,000Notes payableRetained earnings (Aug.1,2023)126,000443,520Cost of goods sold390,600Salaries expense176,400Dividends payable18,900SalesIncome tax expense37,800Supples expense837,90012,600Income tax payable3,780Unearned revenue15,120All accounts have normal balances and total assets equal $1,030,050. Kingbird has a 20% income tax rate.
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