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Question 1: When the income statement columns of the December 31, 2019, work sheet of Hogue Corporation were initially subtotaled, the debit and credit entries had balances of $24,750 and $38,750, respectively, before income taxes were recorded. If the appropriate tax rate for Hogue Corporation is 30 percent, the 2019 income tax expense would be
a. $9,800
b. $4,200
c. $11,625
d. $3,600
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