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MC Qu. 36 Freda's Florist reported the following before-tax income statement... Freda's Florist reported the following before-tax income statement items for the year ended December

MC Qu. 36 Freda's Florist reported the following before-tax income statement...

Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2018:

Operating income$250,000Income on discontinued operations70,000

All income statement items are subject to a 34% income tax rate. In its 2018 income statement, Freda's separately stated income tax expense and total income tax expense would be:

Multiple Choice

  • $85,000 and $108,800, respectively.
  • $108,800 and $108,800, respectively.
  • $108,800 and $85,000, respectively.
  • $108,800 and $158,800, respectively.

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