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Why is this the wrong answer? Help Center O Incorrect i @ $3,000 $0 Question 11 O/ 1 Pts In January of Year 1, Oak

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Help Center O Incorrect i @ $3,000 $0 Question 11 O/ 1 Pts In January of Year 1, Oak Company received a payment in the amount of $8,000 for services to be provided evenly over four years, so that Oak will record revenue for financial accounting of $2,000 in each of Years 1 through 4. For Year 2, Oak's taxable income was $120,000. Oak's tax rate is 20%. What amount of income tax expense will Oak report for Year 2? $24,000 $24,400 $23,600 $23,600. You selected this answer. $24,800 1 / 1 pts Question 12

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