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PLease answer the question The accounting (not the income tax) records of Direct Publications, Inc., provide the income statement for the year ended December 31,2016

PLease answer the question

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The accounting (not the income tax) records of Direct Publications, Inc., provide the income statement for the year ended December 31,2016 (Click the icon to view the income statement.) Taxable income for 2016 includes these modifications from pre-tax accounting income: (Click the ioon to view the modifications.) The income tax rate is 30%. Read the requirements. Requirement 1. Compute Direct's taxable income for 2016 elect he components o taxable income and hen complete the calculation (Use parentheses or a minus sign or amounts o e sub a ed a zero.) a boxis not used n he ca cula e ve the box emply do no se ec a abel or er er 2016 taxable income Requirement 2. Journalize the corporation's income taxes for 2016. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit 2016 Choose from any list or enter any number in the input fields and then continue to the next question Oe 6 Requirements - Xsatement for th More Info 1. 2. 3. Compute Direct's taxable income for 2016. Journalize the corporation's income taxes for 2016. Prepare the corporation's single-step income statement for 2016. a. Additicnal taxable income of $14,000 earned in 2017 but taxed in 2016 b. Additional depreciation expense of $20,000 for Modified Accelerated Cost Recovery System (MACRS) tax depreciation in 2016 Print Done Print Done Select the components of taxable income and then complete the calculation. (Use parentheses or a minus sign for amounts to a zero.) pty; do not select a label or enter Data Table 2016 920,000 Total revenue 2016 taxable income Requirement 2. Journalize the corporation's income taxes for 2016. (Record debits first, then credits, Exclude explanations Cost of gcods sold Operating expenses Total expenses before tax ..$450,000 220,000 670,000 250,000 Journal Entry Date Accounts Debit Credit 2016 Pretax accounting income PrintDone Choose from any list or enter any number in the input fields and then continue to the next question. The accounting (not the income tax) records of Direct Publications, Inc., provide the income statement for the year ended December 31, 2016. (click the icon to view the income statement.) Taxable income for 2016 includes these modifications from pre-tax accounting income: (Click the lcon to view the modifications.) The income tax rate is 30%. Read the requirements. Requirement 3. Prepare the corporation's single-step income statement for 2016. (If a box is not used in the statement, leave the box empty: do not select a label or enter a zero.) Direct Publications, Inc. Income Statement Year Ended December 31, 2016 Expenses: Net income Choose from any list or enter any number in the input fields and then continue to the next

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