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Answer the below question. Tax rate 21% Estimated taxes paid during the year 1,000 Accounts payable 27,400 Accounts receivable 8,600 Accumulated depreciation (21,800) Additional paid-in-capital

Answer the below question.

Tax rate 21%
Estimated taxes paid during the year 1,000

Accounts payable 27,400
Accounts receivable 8,600
Accumulated depreciation (21,800)
Additional paid-in-capital 39,900
Beginning retained earnings 28,400
Cash 15,000
Common stock 18,800
Cost of goods sold 33,000
Depreciation expense 13,000
Dividends delcared 2,800
Equipment 199,200
Inventory 3,000
Notes payable 69,300
Salary expense 24,000
Sales 94,000
Taxes payable ???

Given the above information, what is the ending balance of taxes payable on the balance sheet?

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