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Wildhorse Corporation has one temporary difference at the end of 2017 that will reverse and...

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Accounting

Wildhorse Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $58,100 in 2018, $62,900 in 2019, and $68,000 in 2020. Wildhorses pretax financial income for 2017 is $320,800, and the tax rate is 40% for all years. There are no deferred taxes at the beginning of 2017.

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Prepare the income tax expense section of the income statement for 2017, beginning with the line "Incom Wlldhorse Corporaton Income Statement (Partial

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