Marin 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		$33,150		Interest expense		$6,500
Cash dividendscommon		78,000		Notes payable		130,000
Common shares		260,000		Retained earnings (Aug. 1, 2023)		457,600
Cost of goods sold		403,000		Salaries expense		182,000
Dividends payable		19,500		Sales		864,500
Income tax expense		39,000		Supplies expense		13,000
Income tax payable		3,900		Unearned revenue		15,600

All accounts have normal balances and total assets equal $1,062,750. Marin has a 20% income tax rate.

(a1) Prepare a multiple-step income statement.

(a2) Prepare required journal entry to adjust income tax expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)

Date	Account Titles	Debit	Credit
July 31