Question: Utilizing the stock options proposal made in this chapter, show entity and proprietary income in the following situation for the Ethan Neil Corporation: Income before

Utilizing the stock options proposal made in this chapter, show entity and proprietary income in the following situation for the Ethan Neil Corporation:
Income before taxes…………………$4,810,000
Interest expense………………………182,000
Stock options expense (incentive) …..240,000
Income tax rate………………………40%

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