You have been provided with selected financial accounting information, as presented in the table, for the year
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You have been provided with selected financial accounting information, as presented in the table, for the year ended December 31, 2021. Accounting Income $400,000 Depreciation Expense 15,000 Capital Cost Allowance 18,000 Warranty Expense 22,000 Warranty Costs Incurred 14,000 Dividends received from a Canadian Corporation 5,000 Golf and Country Club Membership 4,000 Entertainment Expense 42,000 Based on this information, and assuming an income tax rate of 20%, the Current Income Tax Expense that will be reported on the December 31, 2021 Income Statement is ______________.
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