Question: Oriole Company has the following two temporary differences between its income tax expense and income taxes payable. Pretax financial income Excess depreciation expense on tax

 Oriole Company has the following two temporary differences between its income
tax expense and income taxes payable. Pretax financial income Excess depreciation expense

Oriole Company has the following two temporary differences between its income tax expense and income taxes payable. Pretax financial income Excess depreciation expense on tax return Excess warranty expense in financial income Taxable income 2020 $854,000 (29,800) 19,800 $844,000 2021 $949,000 (41.800) 10,500 $917,700 2022 $962,000 (9.900) 8,100 $960,200 The income tax rate for all years is 20%. Prepare the income tax expense section of the income statement for 2022, beginning with the line "Pretax financial income." (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Oriole Company Income Statement (Partial) For the Year Ended December 31, 2022 Pretax Financial Income 962000 Income Tax Expense Current Deferred Net Income/(Loss)

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