22. Red co. Companies past year's retained earnings accounted for $875,000. Their financial manager reported that during the year 2019 they were functioning around the 40% tax brackets and they had to expend $170,000 as total common dividend. Assuming that their year-ended 2019 retained earnings amount was $1,050,000. What was their tax expenses? O $200,000 O $180,750 O $161,250 $0 None of the above 23. In 2017, Maha Co. Company had cash flow from investing activities of $110,000, and cash flow from financing activities of $60,000. During 2017, Maha Co. had the following cash flows from operating activities: EBT = $128.333.33 : Tax rate = 50%: Depreciation and Amortization - $10,000 : Accounts payable increased by $45,000: Inventories increased by $10,000. If the cash balance of Maha Co. at the end of year 2016 was $10,500. Calculate the cash balance at the end of year 2017. OS 92,000 $ 54,000 $ 88,000 $ -55,000 None of the above