Calculate the income before income tax

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Question - All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2018, with the exception of income taxes incurred but not yet recorded. Those account balances appear below. All have normal balances. The estimated income tax rate for the company is 40%.

Service Revenue 904,000

Interest Revenue 114,100

Supplies Expense 336,200

Repairs and Maintenance Expense 247,900

Depreciation Expense 57,750

Rent Expense 30,500

Income Tax Expense Unknown

Required -

1. Calculate the income before income tax.

2. Calculate the income tax expense.

3. Calculate the net income.

Reference no: EM133073619

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