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You have the following amounts for Votivo, Inc.: Sales revenue = $740,000 Interest income = $98,000 Cost of goods sold = $250,000 Foreign currency translation
You have the following amounts for Votivo, Inc.: Sales revenue = $740,000 Interest income = $98,000 Cost of goods sold = $250,000 Foreign currency translation adjustment = $33,000 General and administrative expenses = $160,000 Income tax rate = 30% The company has a separate statement of comprehensive income that includes comprehensive income items. What is the company's income tax expense for its income statement? $99,000 $138,300 $69,600 $128,400
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