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  3. please help me with those 3. (12) nott co. at

please help me with those 3. (12) Nott Co. at...

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Accounting

please help me with those
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3. (12) Nott Co. at the end of 2019, its first vear of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income Non-deductible fines paid for excess pollution Extra depreciation taken for tax purposes Estimated warranty expense tax-deductible when paid Taxable income $ 950,000 50.000 (250,000) 100.000 $850.000 Assuming a tax rate of 30%, calculate and report the amount of income tax expense. including the current and deferred portions for 2019. 4. (11) Bloom Corporation had the following 2019 income statement. Sales $200,000 Cost of goods sold 120.000 Gross profit 80,000 Operating expenses (including depreciation of $25,000) 50,000 Net income $ 30,000 The following accounts increased during 2019: Accounts Receivable by $10,000; Inventory by $8,000; Accounts Payable by $12,000. Prepare the Cash Flow from Operating Activities section of Bloom's 2019 Statement of Cash Flows in good form using the indirect method

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