Kraft Company made the following journal entry in late 2021 for rent on property it leases to Danford Corporation Cash 150,000 Unearned Rent Revenue 150,000 The payment represents rent for the years 2022 and 2023, the period covered by the lease. Kraft Company is a cash basis taxpayer. Kraft has an income tax payable of $230,000 at the end of 2021, and its tax rate is 25% Assuming the income taxes payable at the end of 2022 is $255,000, what amount of income tax expense would Kraft Company record for 20227 O $217,500 O $236,250 O $273.750 O $292,500 20. The following information is available for Kessler Company after its first year of operations Income before taxes $250.000 Federal income tax payable $104.000 Deferred income tax (4.000) Income tax expense 100.000 Net Income $150.000 Kessler estimates its annual warranty expense as a percentage of sales. The amount charged to warranty expense on its books was $95.000. Assuming a 20% income tax rate, what amount was paid this year for warranty claims? a $115.000 b. $100.000 $95.000 "d $75,000 C