8. The statutory tax rate since 2013 has been as follows on pretax income: 15% on the first $50,000, 25% on the next $25,000, 30% on the next $25,000, and 35% on all remaining income. Prepare a...

8. The statutory tax rate since 2013 has been as follows on pretax income: 15% on the first $50,000, 25% on the next $25,000, 30% on the next $25,000, and 35% on all remaining income.

Prepare a corrected condensed income statement for the second quarter of 2015.