CES Question 15 The following information is available for Cullumber Company after its first year of operations: Income before income taxes $140000 Federal income tax payable $49000 Deferred income tax (1800) Income tax expense Net income $92800 47200 Cullumber estimates its annual warranty expense as a percentage of sales. The amount charged to warranty expense on its books was $84000. Assuming a 20% income tax rate, what amount was actually paid this year for warranty claims? $93000 $75000 $47200 $84000 Click you would like to Show Work for this question: Open Show Work SUBMIT ANSWER Question Attempts: 0 of 1 used