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Problem on income tax expense

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Reference no: EM13158398

Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2009:

Operating Income $250,000
Extraordinary Gain 70,000

All income statement items are subject to a 40% income tax rate. In its 2009 income statement, Freda's separately stated income tax expense and total income tax expense would be:

A. $128,000 and $128,000, respectively.

B. $128,000 and $100,000, respectively.

C. $100,000 and $128,000, respectively.

D. $100,000 and $100,000, respectively.

Reference no: EM13158398

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