During a year, ABC Co reported income tax expense of $200,000. The amount of taxes currently payable remained unchanged from the begining to the end of the year. The deferred tax liabilty classified as non current that resulted from the use of MACRS for tax purposes and SL deprec for financial rpeorting purposes, increased from $40,000 at the beg of the year to $44,000 at end of year. How much cash was paid for income taxes during the year? A) 156,000 B) 160,000 c) 196,000 D) 206,000 The following info relates to the defined benefit pension plan of the McDOnald company for year ended dec 31, 2011 Projected benefit obligation Jan 1 $4,600,000 Projectedbenefit obligation Dec 31 $4,729,000 Fair value of plan assets , jan 1 $5,035,000 Fair value of plan assets, Dec 31 $5,565,000 Expected return on plan assets $450,000 Amortization of deferred gain $32,500 employer contributions $425,000 benefits paid to retiree $390,000 settlement rate 10% The net periodic pension cost reported in the income statment for 2011 would be A) 11,500 B) 24,000 C)36,500 d) 59,000 Blaine inc shows the following data relating to its pension plan for 2011 Amortization of unrecognized net loss $16,000 Amortization of unrecognized prior service cost 28,000 Expected return on plan assets 32,000 Actual return on plan assets 36,000 Interest in projected benefit obligation 70,000 Service cost 160,000 What amount should Blaine report for pension expense in 2011 A)206,000 B)238,000 C)242,000 D)270,000 Please show all work for correct answers