Question 20 1 points Save Answer Your computer system crashed and damaged the accounting records of your company, Oasis Corp. The remains of your accounting records are captured below: Cash Dec 31, 2020 $70,000 Dec 31, 2019 $50,000 Accounts Receivable Inventory 200,000 225,000 180,000 A Office equipment, net of accumulated Depreciation 780,000 756,000 Total Assets D C Accounts payable Taxes Payable Mortgage payable Bank loan 130,000 124,000 E 52,000 160,000 200,000 250,000 F Total liabilities G H Retained Earnings I 561,000 Paid in Capital 52,000 50,000 Total shareholders' equity J K Dec 31, 2020 Sales $750,000 Cost of goods sold 325,000 Selling, general and administrative expenses 200,000 Depreciation expenses (office equipment) 80,000 Income tax expense K Net income 87,000 What was the amount of income tax expense for Oasis Corp in 2020? $87,000 $145,000 $58,000 $425,000