Elgin Battery Manufacturers had sales of $950,000 in 2015 and their cost of goods sold is 598,500. Selling and administrative expenses were 76,000. Depreciation expense was $18,000 and interest expense for the year was $10,000. The firm's tax rate is 34 percent. What is the dollar amount of taxes paid in 2015? Multiple Choice $275,300 $87,550 $248,325