38. Award: 10.00 points The following information for JMR Corporation is available: Year Taxable Income Tax Rate Income taxes Paid 20x1 $30,000 40% $12,000 20x2 $90,000 38% $34,200 20x3 $85,000 38% $32,300 20x4 $(125,000) 35% JMR applies its tax losses sequentially, that is, tax losses are carried back as far as possible. The taxes recovered for the year ended 2014 amounted to: $150,000. O So. $48,100. $43,750