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Use the following information to calculate cash paid for income taxes: Income tax expense $ 61,000 Income tax payable, January 1 14,500 Income tax payable,
Use the following information to calculate cash paid for income taxes:
Income tax expense | $ | 61,000 |
Income tax payable, January 1 | 14,500 | |
Income tax payable, December 31 | 17,400 |
a)$61,000.
b)$78,400
c)$29,100.
d)$58,100.
e)$75,500.
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