(Answered) Question - pennant company had the following account

Accounting

Question - Pennant Company had the following account balances at the end of 2016:

Income tax payable $35,000

Income tax expense (provision for income taxes) $40,000

Pretax accounting income $100,000

DTA $7,000

What was Pennant's net income for 2016?

$53,000

$60,000

$67,000

$65,000

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