Q-8-3. Waren Sports Supply Assume that corporate income tax rates for 2017 are: 15% of the first $50,000 of income, plus 25% of the next $25,000, plus 34% of the next $25,000, plus 39% of the next $235,000. The remaining tax brackets are not listed because they aren't applicable to Warer's level of pre-tax income. General ledger account numbers for the journal entry are: #40700 (Federal income tax expense) and #20700 (Federal income taxes payable). Show your calculation below