List of Accounts

Sales Revenue $6,300,000$

Income Tax Expense $20\%$

Interest expense $21,000$

Cost of Goods Sold $4,100,000$

Marketing, administrative, and other expenses $193,000$

Depreciation Expense $1,800,000$

Interest Revenue $62,000$

Sales Discounts $11,000$

$1)$ How do you calculate the income tax expense?

Answer rating: 100% (QA)

To calculate the Income Tax ... View the full answer