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MC Qu. 17-68 Madrid Incorporated's 2018 income statement... Madrid Incorporated's 2018 income statement reported income tax expense of $635,375. During 2018, Madrid's income taxes payable

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MC Qu. 17-68 Madrid Incorporated's 2018 income statement... Madrid Incorporated's 2018 income statement reported income tax expense of $635,375. During 2018, Madrid's income taxes payable account increased $19,735 while the deferred tax asset account increased $39,365. How much cash was paid for taxes during 2018? Multiple Choice $576,275 $615,745 $655,005 $694,475

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