Answer:
To calculate the net income after tax, we need to consider the following information:
Net income before tax = Net after-tax income + Accrued income tax expense
Net income before tax = $336,000 + $82,000 = $418,000
To calculate the net income before tax, we need to adjust for certain factors:
Increase in accounts receivable for the month = Decrease in net income before tax
Decrease in accounts payable for the month = Increase in net income before tax
Depreciation expense = Decrease in net income before tax
Estimated bad debts expense = Decrease in net income before tax
Let's calculate the adjustments:
Decrease in net income before tax = $8,000 (Increase in accounts receivable) - $7,000 (Decrease in accounts payable) - $56,200 (Depreciation expense) - $4,100 (Estimated bad debts expense)
Decrease in net income before tax = $-59,300
To calculate the net income after tax, we deduct the adjustments from the net income before tax:
Net income after tax = Net income before tax - Decrease in net income before tax
Net income after tax = $418,000 - $59,300
Net income after tax = $358,700
Keep in mind that the given information does not provide details on the tax rate or any other factors that may affect the calculation.