Paroh company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounting purposes. in 2022, 2023, and 2024, no insurance expense will be deducted for tax purposes, but $74000 of insurance expense will be reported for accounting purposes in each of these years. pharoah company has a tax rate of 20% and income taxes payable of $188000 at the end of 2021. there were no deferred taxes at the beginning of 2021.what is the amount of income tax expense for 2021?

(entries for bond transactions) on january 1, 2017, aumont company sold 12% bonds having a maturity value of $500,000 for $537,907.37, which provides the bondholders with a 10% yield. the bonds are dated january 1, 2017, and mature january 1, 2022, with interest payable december 31 of each year. aumont company allocates interest and unamortized discount or premium on the effective-interest basis. instructions (round answers to the nearest cent.) (a) (b) (c) (d) prepare the journal entry at the date of the bond issuance. prepare a schedule of interest expense and bond amortization for 2017–2019. prepare the journal entry to record the interest payment and the amortization for 2017. prepare the journal entry to record the interest payment and the amortization for 2019.