Farris corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 104 units in beginning inventory 0 units produced 8,850 units sold 8,450 units in ending inventory 400 variable costs per unit: direct materials $ 16 direct labor $ 58 variable manufacturing overhead $ 4 variable selling and administrative expense $ 8 fixed costs: fixed manufacturing overhead $ 132,750 fixed selling and administrative expense $ 8,600 what is the net operating income for the month under absorption costing?

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."