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The Bell Company had the following operating results: Year Income (loss) Tax rate Income tax Expense/(Benefit) 2024 20,000 35% 7,000 2025 (60,000) 40% (24,000) 2026

The Bell Company had the following operating results: Year Income (loss) Tax rate Income tax Expense/(Benefit) 2024 20,000 35% 7,000 2025 (60,000) 40% (24,000) 2026 35,000 40% What is Bell's Expense in 2026? Group of answer choices $14,000 $4,400 $2,800 $2,400

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