Jerry Corporation shows income tax expense of $272,000. There has been a $60,000 decrease in federal income taxes payable and a $71,000 increase income taxes payable during the year. What was Jerry's cash payment for income taxes?

13) Jerry Corporation shows income tax expense of $272,000. There has been a $60,000 decrease in federal income taxes payable and a $71,000 increase in state income taxes payable during the year. What was Jerry's cash payment for income taxes? a. $282,000 $261,000 $276,000 $195,000 dos