Nope Industries reported the following information:

Pre-tax Income 6,000

Non-deductible political contribution 2,000

Bad Debt Expense 12,000

Actual Bad Debt Write-offs 10,000

Tax rate 40%

Compute the following: (1) financial income subject to tax, (2) taxable income, (3) Total income tax expense, (4) current income tax expense, (5) deferred income tax expense, (6) net income, and (7) effective tax rate.

What will be reported on Nopes balance sheet?