Current Attempt in Progress Tamarisk Inc. has recorded all necessary adjusting entries, except for income tax expense, at its scal year end, July 31, 2021. The following information has been taken from the adjusted trial balance: Accounts payable $ 26,000 Interest expense $ 4,500 Cash dividendscommon 62.000 Notes payable 107,000 Common shares 200.000 Retained earnings (Aug. 1. 2020} 327,700 Cost of goods sold 309,500 Salaries expense 13 1,000 Dividends payable 15.000 Sales 66 1,500 Income tax expense 28.000 Supplies expense 10,000 Income tax payable 3,000 Unearned revenue 12,800 All accounts have normal balances and total assets equal 55 808,000. Tamarisk has a 20% income tax rate. Prepare a multiple-step income statement. TAMARISK INC. Income Statement LA to V$ eTextbook and Media List of Accounts Prepare required journal entry to adjust income tax expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To record income tax expense.)