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Sunland Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of
Sunland Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? Sales revenue $ 1060000 Cost of goods sold 600000 Salaries and wages expense 79400 Depreciation expense 110000 Dividend revenue 90600 Utilities expense 9100 Discontinued operations loss 99500 Interest expense 19300 O $133120 Salaries and wages expense 79400 Depreciation expense 110000 Dividend revenue 90600 Utilities expense 9100 Discontinued operations loss 99500 Interest expense 19300 $133120 O $93320 O $57080 $96880
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