need income statement

Show Attempt History Current Attempt in Progress Grouper Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $52,300 in 2021,$57,200 in 2022, and $62,400 in 2023. Grouper's pretax financial income for 2020 is $302,600, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020. (a) Your answer is correct. Compute taxable income and income taxes payable for 2020. Taxable income 130700 Income taxes payable $ 39210 e Textbook and Media List of Accounts (c) Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes." (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Grouper Corporation Income Statement (Partial) For the Year Ended December 31, 2020 Income before Income Taxes $ Income Tax Expense Current v $ Deferred Net Income /(Loss) e Textbook and Media List of Accounts