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Question 19 5 pts 19. Tyler Company made the following journal entry in late 2008 for estimated warranties. Warranties Expense 60,000 Warranties Payable 60,000 The
Question 19 5 pts 19. Tyler Company made the following journal entry in late 2008 for estimated warranties. Warranties Expense 60,000 Warranties Payable 60,000 The warranties are expected to be paid in 2009 and 2010. Tyler Company is a cash basis taxpayer. Tyler has income tax payable of $92,000 at the end of 2008, and its tax rate is 35%. What amount of income tax expense should Tyler Company report at the end of 2008? $53,000 $81,500 $113,000 $71,000
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