what is the income tax expense?

The accountant for Meilleur Merchants Inc. is completing the last few adjusting journal entries for the fiscal year ended December 31, 2021. Some items remain outstanding and a few calculations need to be made before the financial statements can be prepared. Meilleur Merchants prepares an all-inclusive statement of comprehensive income. The following is a partial list of the general ledger account balances. Cash Dividends - Preferred Interest expense Cost of goods sold Retained earnings Jan. 1 Cash Dividends - Common Rent revenue Sales Interest revenue Operating expenses $1,800 2,120 234,500 202,000 4,500 2,000 390,200 940 58,870 Additional information: 1. Meilleur's income tax rate is 30%. 2. During the year, Meilleur disposed of its financing division, which was not worth continuing. Prior to the sale, the division operated at a loss before tax of $11,000. The loss on the sale of the division was $21,000 before taxes. 3. Meilleur's accountant found an error in the amount used to record salaries expense for the year ending December 31, 2020. The expense had been overstated by $4,600. * Question 4