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part b plz Pina Colada Ltd. made four quarterly payments of $3,500 each to the Receiver General for Canada during 2023 as instalment payments on

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part b plz

Pina Colada Ltd. made four quarterly payments of $3,500 each to the Receiver General for Canada during 2023 as instalment payments on its estimated 2023 corporate tax liability. At year end, Pina Colada's controller completed the company's 2023 tax return, which showed income tax owing of $10,400 on its 2023 income. (a) Your answer is correct. Prepare the adjusting year-end entry to recognize the 2023 income tax. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Income Tax Receivable Current Tax Expense Debit 3600.00 Credit eTextbook and Media List of Accounts Attempts: 1 of 3 used Identify any year-end SFP amount that is related to income tax and indicate how it should be classified. At year end, the company would report of $ mount that is related to income tax and indicate how it should be classified

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