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31. Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7,000. How
31. Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7,000. How much did Carlita pay to the tax authorities during the year? $2,000 $6,000 $4,000 Cannot be calculated Carlita Company Income Statement for Year Ending December 31,2014 Sales.. Less: Cost of Goods Sold.. Gross Margin Less: Operating Expenses. Operating Income. Less: Interest Expense.. Income Before Taxes. Less: Tax Expense... Net Income.. $120,000 90,000 $30,000 10,000 $20,000 2,000 $18,000 6,000 $12,000
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