Nieso, intermediate Accounting, are Help System Arnovecements CALCULATE FENTEE WEST Problem 19-02 The preta financial income of Windsor Company differs from its taxable income throughout each of 4 years as follows. Prelax Tax Rate 35% 2021 Financial Income $305,000 349,000 358,000 429.000 Taxable income $173,000 216,000 277,000 615.000 20% 20% 2023 20 Pretax inancial income for each year includes a nondeductible expense of $29,100 (never deductible for tax purposes. The remainder of the difference between preta financial income and taxable income in each period is due to one depreciation temporary diference No deferred income taxes existed at the beginning of 2020 Your answer is partially correct. Try again Prepare journal entries to record income taxes 4 years. Assume that the change the tax rate to 20% was not enacted until the beginning of 2021 Credit s are automatically when amount sted. Det er select Entry for the accounts and enter for the count) Date Aalst 200 Deferred Tax Liability Income Tax Payne 2001 income 720 innin nin anni (Tarecord come for 2001) med Deered Tax pe here to search 20 Income Tax Expense T 916201 Deferred Tax Liability T 31380 T Income Tax Payable 123000 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Prepare the income statement for 2021, beginning with income before income taxes. (Enter negative amounts using either a negative sig preceding the number 45 or parentheses eg. (45).) Windsor Company Income Statement (Partial) For the Year Ended December 31, 2021 Income before Income Taxes 216000 Tincome Tax Expense Click you would like to show Work for this question Open Show Work Question Attempts of used AVE FOR LATER SUBMIT ANSWER pe here to search O A 9 Nieso, intermediate Accounting, are Help System Arnovecements CALCULATE FENTEE WEST Problem 19-02 The preta financial income of Windsor Company differs from its taxable income throughout each of 4 years as follows. Prelax Tax Rate 35% 2021 Financial Income $305,000 349,000 358,000 429.000 Taxable income $173,000 216,000 277,000 615.000 20% 20% 2023 20 Pretax inancial income for each year includes a nondeductible expense of $29,100 (never deductible for tax purposes. The remainder of the difference between preta financial income and taxable income in each period is due to one depreciation temporary diference No deferred income taxes existed at the beginning of 2020 Your answer is partially correct. Try again Prepare journal entries to record income taxes 4 years. Assume that the change the tax rate to 20% was not enacted until the beginning of 2021 Credit s are automatically when amount sted. Det er select Entry for the accounts and enter for the count) Date Aalst 200 Deferred Tax Liability Income Tax Payne 2001 income 720 innin nin anni (Tarecord come for 2001) med Deered Tax pe here to search 20 Income Tax Expense T 916201 Deferred Tax Liability T 31380 T Income Tax Payable 123000 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Prepare the income statement for 2021, beginning with income before income taxes. (Enter negative amounts using either a negative sig preceding the number 45 or parentheses eg. (45).) Windsor Company Income Statement (Partial) For the Year Ended December 31, 2021 Income before Income Taxes 216000 Tincome Tax Expense Click you would like to show Work for this question Open Show Work Question Attempts of used AVE FOR LATER SUBMIT ANSWER pe here to search O A 9
