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Use the following information to calculate cash paid for income taxes: Income Tax Expense Income Tax Payable, January 1 Income Tax Payable, December 31 $69,000

Use the following information to calculate cash paid for income taxes: Income Tax Expense Income Tax Payable, January 1 Income Tax Payable, December 31 $69,000 28,800 16,580 Multiple Choice $69,000. $97000 $85,500 $57500 $80.500

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