On December $31$ of the current year, Raintree Enterprises has the general ledger accounts and balances provided.

$1$ Use the adjustment information below to record adjustments on Raintree's work sheet.

Uncollectible accounts are $1\mathrm{.}0\%$ of credit sales $....$ Credit sales were $$321,000\mathrm{.}00$

Merchandise inventory $($remaining$).....................199,462\mathrm{.}00$

Office supplies inventory $($remaining$)....................1,372\mathrm{.}00$

Estimate of office equipment depreciation $...............4,600\mathrm{.}00($adjustment amount$)$

$2$ Use this tax table to calculate federal income tax expense and record the adjustment on the work sheet.

$15\%$ of net income before taxes, zero to $$50,000\mathrm{.}00$

Plus $25\%$ of net income before taxes, $$50,000$ to $$75,000\mathrm{.}00$

Plus $34\%$ of net income before taxes, $$75,000\mathrm{.}00$ to $$100,000\mathrm{.}00$

Plus $39\%$ of net income before taxes, $$100,000$ to $$335,000\mathrm{.}00$

Plus $34\%$ of net income before taxes over $$335,000\mathrm{.}00$

$3$ Complete the work sheet.

$4$ Answer the question: What is the net income before federal income tax?