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repare the 2018 journal entry nece S Inc. had pretax financial income of $150,000 in 2017. Included in the computation of that amount is insurance

repare the 2018 journal entry nece S Inc. had pretax financial income of $150,000 in 2017. Included in the computation of that amount is insurance expense of $5,000 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $15,000. Required: Prepare S Inc.'s journal entry to record 2017 taxes, assuming a tax rate of 35%

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