Question 3 of 6 -/1 View Policies Current Attempt in Progress Tamarisk Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2021. The following information has been taken from the adjusted trial balance: $ 25,500 Interest expense $4,500 Accounts payable Cash dividends-common 62,000 Notes payable 100,000 Common shares 200,000 Retained earnings (Aug 1, 2020 303.200 Cost of goods sold 313,500 Salaries expense 126,000 Dividends payable 14,900 Salss 682.000 Income tax expense 27.500 Supplies expense 11.500 Income tax payable 2.900 Unearned revenus 11,600 All accounts have normal balances and total assets equal $ 803,000. Tamarisk has a 20% income tax rate Prepare a multiple-step income statement TAMARISK INC Income Statement S S 1 e Textbook and Media List of Accounts Prepare required journal entry to adjust income tax expense (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To record income tax expense e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit