Skysong 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: Accounts payable $25,500 Interest expense $5,000 Cash dividends-common 65,000 Notes payable 100.000 Common shares 200,000 Retained earnings (Aug 1, 2020) 351.100 Cost of goods sold 317.000 Salaries expense 144,000 Dividends payable 15,700 Sales 672.000 Income tax expense 29.000 Supplies expense 11.500 Income tax payable 3.800 Unearned revenue 11.900 All accounts have normal balances and total assets equal $808,500. Skysong has a 20% income tax rate. Prepare a multiple-step income statement. SKYSONG INC. Income Statement 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 O for the amounts) Date Account Titles and Explanation July 31 (To record income tax expense) Debit Credit