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tion 1 The Snella Company reports 2023 Pre-tax Net Income of $10,000. The following items exist: Jet ered sout of Premiums Paid for Key Officer

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tion 1 The Snella Company reports 2023 Pre-tax Net Income of $10,000. The following items exist: Jet ered sout of Premiums Paid for Key Officer Life Insurance Accrued Revenues Prepaid Expenses $ 80 $ 50 $ 200 og question The tax rate is 20%. Indicate the amounts for 2023 Income Tax Expense and 12/31/23 Income Tax Payable. respectively: Select one: O a. $2,016, $1,966 O b. $1,984, $1,934 O c. $1,984, $2,034 O d. $2,016, $2,046 O e $2,056, $2,066 3.2 Kensington had this info at the end of 2023, its first year of operations: + med out of Pretax book income Unearned Revenue Excess of tax over book depreciation Fine paid due to violation of laws $ 800,000 100,000 200,000 300,000 question No other permanent or temporary differences exist. The unearned revenue will be earned in 2026; the depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable. The 12/31/23 Income Tax Payable is: Select one: O a. $60,000 O b. $240,000 O c. $210,000 O d. $180,000 O e. $300,000

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