There is a 35 percent tax rate

Jordan Sales Company (organized as a corporation on April 1, 2017) has completed the accounting cycle for the second year, ended March 31, 2019. Jordan also has completed a correct trial balance as follow5: Classified balance sheet at the end of the reporting year, March 31, 2019. Include (1) income taxes for the current year in Income xes payable and (2) dividends in Retained earnings. (Amounts to be deducted should be indicated by a minus sign.)