SUNLAND CORPORATION Trial Balance December 31, 2021 Debit Credit Cash $ 48,000 Accounts receivable 51,000 Allowance for doubtful accounts $ 2,500 Merchandise inventory 22,700 Investment in associate 85,000 Investment at FVTOCI-equity 30,000 Land 90,000 Building 200,000 Accumulated depreciation-building 40,000 Equipment 40,000 Accumulated depreciation-equipment 15,000 Accounts payable 18,775 Income tax payable 4,500 Bonds payable (6%, due January 1, 2026) 126,025 Common shares, unlimited number of no par value shares authorized, 100,000 issued 100,000 Retained earnings 110,775 Accumulated other comprehensive income 5,000 Sales 750,000 Cost of goods sold 370,000 Operating expenses 180,000 Interest revenue 375 Interest expense 6,250 Income tax expense 50,000 Total $1,172,950 $1,172,950 Question Part Score --/4 Note that Sunland has recorded $50,000 of income tax expense for the year to date. For the purposes of this question, ignore the income tax relating to other comprehensive income. Using the income statement accounts in the trial balance, calculate income before income tax. (Round answer to O decimal places, e.g. 5,275.) Income before income tax e Textbook and Media